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What Was The Unemployment Rate In The 1950's

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Looking at the overall unemployment rate of the 1950s, it was somewhat stable with only two incidences of increased unemployment – 1954 and 1958.

1954 - The Korean War ended and this meant that soldiers returning home would be looking for jobs. The problem was that there were far more job seekers than available jobs. With the overabundance of job seekers and few jobs, the unemployment rate spiked.

In 1955, the fast food industry was feeding American’s love affair with quick, fast meals that needed no preparing or cooking. A great convenience for the family where both mom and dad worked outside the home. With the fast food industry booming, once again job seekers were able to find jobs and this in turned helped with lowering the unemployment
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