Labor Market Patterns since 2007. Congressional Research Service, Library of Congress. Sarah A. Donovan, Marc Labonte. October 3, 2018
The period since 2007 has been a time of significant change for labor markets. The Great Recession of 2007-2009, the longest and deepest recession since the Great Depression, caused the unemployment rate to briefly reach 10%, and labor markets have subsequently experienced a long and gradual recovery. Most labor force metrics, including the unemployment rate and various other measures of labor force underutilization, have returned to levels that have historically been consistent with full employment.
[PDF format, 26 pages].
