Sentences with phrase «unemployment returned to normal levels»
Inflation fell from 11 percent in 1979 to 3 percent in 1983, and unemployment returned to normal levels.
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While the labor market has returned to more normal levels, with the unemployment rate at around 5.1 percent, overall hiring has remained weak, per the most recent Department of Labor jobs reports.
The unemployment rate should decline to 8.8 percent by the end of 2011 and average 8.6 percent next year, returning to a normal level of 6 percent around 2015.
However, he said it would take four to five years for the labor market to return to normal unemployment levels.