Historical Year Data · 1979

Nonfarm Payrolls in 1979

Nonfarm Payrolls opened 1979 at 88,808 and closed at 90,672, a +2.10% move for the year. The high of 90,672 was reached on December 1, and the low of 88,808 on January 1.

Open

88,808

1979-01

90,672

12 data points

High

90,672

Dec 1

Low

88,808

Jan 1

Full Year Change

+2.10%

1978 Change

+4.82%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	88,808	88,808	88,808	88,808	+0.00%
Feb	89,055	89,055	89,055	89,055	+0.00%
Mar	89,479	89,479	89,479	89,479	+0.00%
Apr	89,417	89,417	89,417	89,417	+0.00%
May	89,789	89,789	89,789	89,789	+0.00%
Jun	90,108	90,108	90,108	90,108	+0.00%
Jul	90,217	90,217	90,217	90,217	+0.00%
Aug	90,300	90,300	90,300	90,300	+0.00%
Sep	90,327	90,327	90,327	90,327	+0.00%
Oct	90,481	90,481	90,481	90,481	+0.00%
Nov	90,573	90,573	90,573	90,573	+0.00%
Dec	90,672	90,672	90,672	90,672	+0.00%

Events During 1979

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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