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abruzzese [7]
3 years ago
10

After the conclusion of the 1991 recession, the unemployment rate generally ______________ throughout the 1990s.

Business
1 answer:
strojnjashka [21]3 years ago
5 0

Answer:

Lowered throughout 1990 s; labor force participation rate

Explanation:

The recession of 1990-1991 which lasted for 8 months elevated unemployment rate to 8.1% in 1992, but following 1990 s expansion fell to 4.6% in 2001. Increase in labor force participation, mainly with Baby Boomers generation, which was in its prime ( ages between 37 and 55 in 2001) lead to positive growth in the 90 s. There were numerous other reasons like:

  1. significantly lower oil prices between mid-to-late 1990 s
  2. reform of welfare system, which significantly reduced the time users can receive aid
  3. more egalitarian tax structure
  4. job growth associated with informational technology revolution
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