From the New York Times article March 3, 2018 The number of jobs created each year in the United States has dropped to its lowest level since the Great Recession.
The number is lower than in any year since the depths of the Great Depression.
The economy is growing at an annual rate of 3.2%, the slowest since the late 1930s, according to the Labor Department.
The nation’s unemployment rate is the lowest since February 1947, and the nation is close to full employment.
“This is a very good sign for the economy,” said David Autor, chief economist at the Bipartisan Policy Center.
“The labor market is growing and the unemployment rate has fallen to 4.5%, and that’s very good news for the labor market.”
The Bureau of Labor Statistics is keeping the unemployment and underemployment numbers updated daily.
Inflation, measured by the cost of living index, is the average of consumer prices and inflation.
It’s measured as the cost divided by the purchasing power of an item or service.