what happened in 1996 in the united states
In 1996 the United States economy achieved moderately high growth with high levels of resource utilization and low inflation. The unemployment rate dipped to levels not seen since 1973, and the economy moved well into its sixth year of economic expansion since the last recession in early 1991.nflation continued to remain low in 1996 for the fifth year in a row, hovering around 3.0 percent. From January through September, inflation (as measured by the CPI) equaled 3.2 percent. The core rate of inflation, however, which excludes food and energy prices, equaled only 2.6 percent.