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In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output.
A recent survey by the National Association of Business Economists (NABE) has predicted that the recession will end in the third quarter of 2009. An organization dedicated to analyzing economic ...
The National Bureau of Economic Research, the arbiter of when recessions begin and end, has reported that the Great Recession ended June 2009. In a report released Monday, the NBER's Business ...
The distribution of household incomes in the United States became more unequal during the post-2008 economic recovery. [29] Income inequality in the United States grew from 2005 to 2012 in more than two thirds of metropolitan areas. [30] Median household wealth fell 35% in the US, from $106,591 to $68,839 between 2005 and 2011. [31]
The recession is officially over but the misery remains. At least, that's the view of 80 percent of the 52 private economists surveyed by Blue Chip Economic Indicators. They expect gross domestic ...
The United States economy emerged from recession in the third quarter of 2009, which the Financial Times credited to the stimulus measures. [78] In November, the managing director of the IMF Dominique Strauss-Kahn repeated the warning against terminating the stimulus measures too soon.
By October 2009, the unemployment rate had risen to 10.1%. [20] A broader measure of unemployment (taking into account marginally attached workers, those employed part-time for economic reasons, and some (but not all) discouraged workers) was 16.3%. [21] In July 2009, fewer jobs were lost than expected, dipping the unemployment rate from 9.5% ...
According to a survey of leading economists conducted by the National Association for Business Economics, the recession will end in the third quarter of 2009; that is, by the end of September. A