Labor market developments During the 1990s, we were fortunate to have experienced the longest uninterrupted economic expansion in U.S. history. By late 2000, the unemployment rate was the lowest it had been in more than thirty years. The expansion benefited all segments of the population, including minority groups.
2  BIS central bankers’ speeches  •  The execution time for a credit transfer does not take more than one banking day (D+1) and the trend is clearly towards same day – or even real-time – settlement of retail payment transactions.