"The unemployment rate increased from 3.6 percent in 1968 to 4.9 percent in 1970, a rise of over 33 percent, reflecting a deteriorating job market. During this period, the consumer price index also grew significantly, climbing by around 11 percent, indicating rising inflation."
"Analysts described this economic situation as stagflation, a term that captured the troubling combination of rising unemployment and inflation, which challenged traditional economic theories and policies."