Ten years after the Great Recession, the labor market has returned to is pre-recession levels. Unemployment, a common measure for the health of the overall economy, is the lowest it has been in over a decade.
During the 2007–09 recession, the unemployment rate more than doubled, peaking at 10.0 percent (15 million people) (1). By December 2017, the unemployment rate dropped to 4.1 percent, the lowest it had been since December 2000. As of August 2018, the unemployment rate has dropped even lower to 3.9 percent. There were over 6 million job openings as of the second quarter of 2018 (2).