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PDF The Recession of 2007–2009: BLS Spotlight on Statistics

138 million in January 2008 (the month after the start of the recession) During the recession the number of job openings decreased 44 percent while employment

  • What was the 2008 recession pattern?

    The market decline that included the 2008 crash began a year earlier in October 2007.
    From those October 2007 highs, the market spent nearly a year slowly declining, and then a stock crash hit on September 29, 2008.
    Those losses extended over the next few months until they bottomed out in March 2009.

  • How long did it take to recover from 2008 recession?

    For workers and households, the picture was less rosy.
    Unemployment was at 5% at the end of 2007, reached a high of 10% in October 2009, and did not recover to 5% until 2015, nearly eight years after the beginning of the recession.
    Real median household income did not recover to pre-recession levels until 2016.

  • The combination of banks unable to provide funds to businesses, and homeowners paying down debt rather than borrowing and spending, resulted in the Great Recession that began in the U.S. officially in December 2007 and lasted until June 2009, thus extending over 19 months.

6 jui. 2019 · This chart book documents the course of the economy following the recession between December 2007 and June 2009 against the background of  Autres questions
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