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The COVID-19 pandemic was first detected in the U.S. state of Georgia on March 2, 2020. The state's first death came ten days later on March 12. As of April 17, 2021, there were 868,163 confirmed cases, 60,403 hospitalizations, and 17,214 deaths. [1]
A new indicator says there's a 40% chance the US is in a recession that started as early as March. The measure builds on the Sahm rule, using job-vacancy data in addition to unemployment data.
Recovery from the recession began relatively quickly, with the recession only lasting one quarter according to the NBER. As of 2022, the unemployment rate reached its pre-pandemic levels - nevertheless, in many key aspects and industries, the U.S. economy has not completely recovered from the COVID-19 pandemic.
However, the onset of the COVID-19 pandemic led to a significant contraction of 1.4% in the first quarter of 2020, followed by a steep 6.6% decline in the second quarter, suggesting the start of a recession. [369] The economy rebounded in the third quarter of 2020 with a sharp 6.9% expansion, but growth slowed down in the fourth quarter to just ...
The NBER officially calls U.S. recessions, and data from Bank of America shows why this group won't be in a rush to declare the U.S. economy in recession.
Recession Period. Start. End. Time Elapsed Total. The Great Depression–Late ’20’s and Early ’30’s. August 1929. March 1933. 3 years, 7 months. The Great Recession–aka The 2008 ...
Current events; Random article; ... COVID-19 pandemic data/Georgia medical cases chart. ... Deaths Recoveries Active cases. 2020 2020 2021 2021 2022 2022. Feb Feb Mar ...
According to the New York Fed's recession model, there is a 29% probability that the U.S. will enter a recession by the end of 2025. This is a dramatic decline compared to the elevated ...