When was the recession, and how many American wage earners could not find a job?

When was the recession, and how many American wage earners could not find a job?

• A. 1957, and 4%
• B. 1959, and 3%
• C. 1960, and 8%
• D. 1958, and 6%

Answer: (D)

During the late 1950s the U.S. faced a downturn that is most closely associated with 1958. The recession brought a pullback in production and hiring across industries, which hit workers who earned wages the hardest. When we talk about how many American wage earners could not find a job, we’re focusing on people in wage-and-salary positions who were unemployed. In that year, about six percent of wage earners were unemployed, reflecting the impact of the recession on the job market. This pairing—1958 as the recession and roughly six percent unemployment among wage earners—best matches the historical data tied to this period.

During the late 1950s the U.S. faced a downturn that is most closely associated with 1958. The recession brought a pullback in production and hiring across industries, which hit workers who earned wages the hardest. When we talk about how many American wage earners could not find a job, we’re focusing on people in wage-and-salary positions who were unemployed. In that year, about six percent of wage earners were unemployed, reflecting the impact of the recession on the job market. This pairing—1958 as the recession and roughly six percent unemployment among wage earners—best matches the historical data tied to this period.