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U.S. Economic Expansion is Longest in History

Friday, Jul 05 2019
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The 121-month U.S. economic expansion, which began in June 2009, is the longest in the history of the country, according to the National Bureau of Economic Research. So reports CNBC.

While the current expansion has set a record for length of time, it saw cumulative GDP growth of 25%, which is much slower than previous expansions. Additionally, despite current unemployment of just 3.6% (May 2019), job growth has also paled compared to other recoveries since WWII.

The current expansion breaks the previous record, which ran from March 1991 to March 2001.

Read the full article from CNBC.

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