Valletta, Rob; Hodges, Jaclyn - In: FRBSF Economic Letter (2005)
The national unemployment rate fell slowly during the first half of 2005, reaching 5.0% in June. While this is above the lows reached in 1999-2000, it is noticeably below the rates that largely prevailed during the mid-1970s through the mid-1990s. This Economic Letter focuses on two demographic...