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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]
American popular media labeled the Great Recession the "mancession" because of the many male dominated industries affected (e.g., construction) although many more men were hired than women during the recovery period. [58] By the end of 2009 the unemployment rate for men was 10.7%, while women's unemployment peaked at 8.4%. [59]
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% ...
The direct correlation between unemployment and the great recession may be less than meets the eye, or is commonly perceived, so says a new report. ... 800-290-4726 more ways to reach us. Mail ...
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 ...
December 1, 2008: The NBER announced the US was in a recession and had been since December 2007. The Dow tumbled 679.95 points or 7.8% on the news. [165] [89] December 6, 2008: The 2008 Greek riots began, sparked in part by economic conditions in the country. [citation needed] December 16, 2008: The federal funds rate was lowered to zero ...
Number of jobs cut since recession began: 13,715 Slow sales in 2008 caused 10,000 layoffs in early 2009. The fact that the firm's flagship Dreamliner 787 delivery has been delayed half a dozen ...