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The unemployment rate ("U-3") rose from the pre-recession level of 4.7% in November 2008 to a peak of 10.0% in October 2009, before steadily falling back to the pre-recession level by May 2016.
In September 2007, approximately a year before the recession began, unemployment stood at 1,649,000. [32] By the end of 2008, that figure had risen to 1,860,000 - an increase of 211,000 and nearly 13%. [33] By March 2009, unemployment had increased to more than 2,000,000 - the highest level the nation had seen for more than 12 years. [34]
The recession did not show up until 2009, but the recession already slowed down in 2008. The country had a positive growth of 1.5% in 2008 compared to a 3.3% in 2007, by 2009 the economy had shrunk by 6.5%, a percentage bigger than that of the 1994-1995 crisis [ 18 ] and the largest in almost eight decades and registering an inflation of 3.57% ...
Finally, after many false starts, setbacks and stumbles, the 2008 financial crisis seems to be behind us. The U.S. economy is surging, with unemployment at its lowest level in 18 years and stocks ...
By the end of 2009 the unemployment rate for men was 10.7%, while women's unemployment peaked at 8.4%. [59] This trend of the "mancession" was seen in other countries as well; in 2008 605,000 of the 891,000 who lost their jobs in the United Kingdom were men. [60] The stress of unemployment affects men and women differently.
What with the continued malaise over bloated unemployment figures, the slumping housing market, the Great Recession's incessant hangover and consumers avoiding retail therapy like the plague, one ...
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The 1948 recession was a brief economic downturn; forecasters of the time expected much worse, perhaps influenced by the poor economy in their recent lifetimes. [62] The recession also followed a period of monetary tightening. [40] Recession of 1953: July 1953 – May 1954 10 months 3 years 9 months 6.1% (September 1954) −2.6%