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This is now the longest US economic expansion in history

July 5, 2019

The U.S. is officially in its longest expansion, breaking the record of 120 months of economic growth from March 1991 to March 2001, according to the National Bureau of Economic Research.


Starting in June of 2009, this record-setting run saw GDP growing cumulatively by 25%, far slower than previous expansions.


While the unemployment rate has dropped to 3.6% in May, the lowest since 1969, job growth has been relatively slower than during other postwar recoveries.

 

This month marks the 121st month of the economic expansion arising out of the great financial crisis, making it the longest run on record going back to 1854.

 

FULL REPORT

 

 

 

 

 

 

 

 

 

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