![]() In December 2007, the national unemployment rate was 5.0 percent, and it had been at or below that rate for the previous 30 months. One of the most widely recognized indicators of a recession is higher unemployment rates. In this Spotlight, we present BLS data that compare the recent recession to previous recessions. economy have yet to return to their pre-recession values. The most recent recession began in December 2007 and ended in June 2009, though many of the statistics that describe the U.S. recessions), there were 10 recessions between 19. A general slowdown in economic activity, a downturn in the business cycle, a reduction in the amount of goods and services produced and sold-these are all characteristics of a recession.Īccording to the National Bureau of Economic Research (the official arbiter of
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |