The economy has produced yet another black milestone for unemployment. As of January 2010, 49% of the 6.9 million Americans who lost jobs they had held for at least three years had found new jobs—the lowest reemployment rate on record, according to the Bureau of Labor Statistics. This statistic deals with what are known as “displaced” workers—those who lost their jobs because “their plant or company closed or moved, there was insufficient work for them to do, or their position or shift was abolished.” Records on reemployment of displaced workers have been kept since 1948. Of those who did find work similar to the job they lost, 55% took a cut in pay.