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While the increases in unemployment for both sexes were roughly equal during the recession of 1973-1975 recession, the unemployment rate for men increased 4.5 percentage points during the 1981-1982 recession, while women suffered a comparatively more mild 2.5 percentage point increase in joblessness.
The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [2] [1] [3] Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, [3] the US savings and loan crisis, and a general adoption of neoliberal ...
Interest rate distortions: Artificially low interest rates can encourage excessive borrowing and result in a buildup of risk in the financial sector. When interest rates rise, these investments (like new constructions in real estate) may fail, exacerbate economic declines, contributing to a recession.
US interest rates have been at 23-year high for months, yet unemployment is low, stocks have reached repeated record highs and there’s no recession in sight.
[85] [86] The Federal Reserve kept interest rates at a historically low 0.25% from December 2008 until December 2015, when it began to raise them again. However, the Great Recession was different in kind from all the recessions since the Great Depression, as it also involved a banking crisis and the de-leveraging (debt reduction) of highly ...
Lower rates: During a recession, the Federal Reserve will often lower interest rates to stimulate the economy. This can result in more favorable rates for borrowers getting mortgage loans.
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