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Events from the year 2009 in the United States. The inauguration of Barack Obama as the president, occurred on January 20. The nation, still recovering from the Great Recession, received various economic stimuli through the American Recovery and Reinvestment Act of 2009 and similar legislation, which most notably gave Americans tax credits.
Several major U.S. economic variables had recovered from the 2007-2009 Subprime mortgage crisis and Great Recession by the 2013-2014 time period. The recession officially ended in the second quarter of 2009, [3] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011. [80]
In October 2009, news reports announced that some employers who cut jobs due to the recession are beginning to hire them back. More recently, economists announced in January 2010 that economic growth in the U.S. resumed in the fourth quarter of 2009, [22] and some have predicted that limited job growth will begin in the spring of 2010. [23]
Though no one knew they were in it at the time, the Great Recession had a significant economic and political impact on the United States. While the recession technically lasted from December 2007 – June 2009 (the nominal GDP trough), many important economic variables did not regain pre-recession (November or Q4 2007) levels until 2011–2016.
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The United States combined many stimulus measures into the American Recovery and Reinvestment Act of 2009, a $787 billion bill covering a variety of expenditures from rebates on taxes to business investment. $184.9 billion was to be spent in 2009, and $399.4 billion was to be spent in 2010 with the remainder of the bill's appropriations spread ...
The economy is showing signs of improvement, the Federal Reserve said Wednesday. But that doesn't mean an interest rate hike is around the corner. The Fed said it would keep its benchmark rate ...
June 2009– Feb 2020 128 +1.1% [9] +2.3% [9] The effects of the Great Recession of 2007-2009 continued to be felt for years, with the economy described as a "malaise" as late as 2011. [10] Employment growth remained historically low, and unemployment would not return to pre-recession levels until 2016. [11]