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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 year 2008, as of September 17, had seen 81 public corporations file for bankruptcy in the United States, already higher than the 78 for all of 2007. The largest corporate bankruptcy in U.S. history also made 2008 a record year in terms of assets, with Lehman's size—$691 billion (~$960 billion in 2023) in assets—alone surpassing all past ...
November 4 – 2008 United States presidential election: Democratic U.S. Senator Barack Obama is elected as the 44th president of the United States and U.S. Senator Joe Biden is elected the 47th vice president. Barack Obama becomes the first African-American president-elect. [53] [54] [55] November 11 – Taylor Swift releases her second studio ...
The nation's economy contracted 6.3 percent in Q4 2008 -- its biggest Or, at least it better be, for the good of all involved. GDP nosedives 6.3 percent - worst plunge since 1982
Their findings place the United States as the most unequal and ranks poorly on social and health problems among developed countries. [176] The authors argue inequality creates psychosocial stress and status anxiety that lead to social ills. [177] A 2009 study attributed one in three deaths in the United States to high levels of inequality. [178]
The United States entered 2008 during a housing market correction, a subprime mortgage crisis and a declining dollar value. [2] In February, 63,000 jobs were lost, [3] a 5-year record. [4] In September, 159,000 jobs were lost, bringing the monthly average to 84,000 per month from January to September 2008. [5]
According to an analysis of Census Bureau data released by Reach Advisors in 2008, single childless women between ages 22 and 30 were earning more than their male counterparts in most United States cities, with incomes that were 8% greater than males on average.
In 2007, while US unemployment dropped to its lowest level since the year 2000, the housing bubble reached its peak and economic growth slowed down, and by December 2007, the United States entered the severe long-lasting Great Recession. By mid-2008, property values and the values of other assets plummeted, and the stock market crashed in ...