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A study released by Moody's found two-thirds of the 381 largest metropolitan areas in the United States were in a recession. The study also said 28 states were in recession, with 16 at risk. The findings were based on unemployment figures and industrial production data. [28] In March 2008, financier Warren Buffett stated in a CNBC interview ...
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% ...
Unemployment nearly doubled, peaking at 14.2% by August 2009, the highest rate any state reached during the recession. In 2008, the state's economy contracted by 6%, more than any other state in ...
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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.
The U.S. unemployment rate ticked up to 4.1% in June from 4% in the prior month, nearly triggering a reliable recession indicator. While unemployment is still historically low, its rate of ...
Most states have balanced budget rules, which forced them to cut spending when tax revenues fell due to the 2008–2009 recession and its aftermath. Over 500,000 jobs were cut by states and municipalities between 2008 and 2012. This was different from other recent U.S. recessions, where government employment continued to climb.