US unemployment rate stays below 5% for 62 months, second-longest streak on record
The US unemployment rate has remained below 5% for 62 consecutive months, its second-longest streak on record behind a 64-month stretch during the 1960s and 1970s. The current run began in September 2021, when unemployment fell to 4.7% from 5.1% in August, and is 20 months longer than the streak that ended during the 2020 pandemic.