U.S. Economy On Track For Record Uninterrupted Expansion By Jamal Nahavandi

The U.S. economy is expected to remain on a positive growth trajectory to achieve the longest recovery cycle in history, surpassing the 120-month expansion of 1991- 2001. The slow but steady economic growth has produced a lasting imprint in the psyche of both employers and workers that, in part, explains tamed wage and price inflation. The unemployment rate stands at 3.8 percent in February, a rate last seen in 1966. The broader measure of unemployment (U6) that includes discouraged and part-time workers stands at 7.3 percent in February, a sharp drop from 8.1 in January.