Since the advent of the postindustrial economy in the 1970s, unemployment rates have consistently dropped year by year.

Question

Quizplus · Accepted Answer

This statement is false. While the unemployment rate has fluctuated over the past few decades, there have been periods of recession and job loss, such as the early 1980s and the 2008 financial crisis. However, there have also been periods of economic growth and job creation. Overall, it is not accurate to say that unemployment rates have consistently dropped since the 1970s in the postindustrial economy.

Since the Advent of the Postindustrial Economy in the 1970s