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In 2003, prior to the significant expansion of subprime lending of 2004-2006, the unemployment rate was close to 6%. [52] The wider measure of unemployment ("U-6") which includes those employed part-time for economic reasons or marginally attached to the labor force rose from 8.4% pre-crisis to a peak of 17.1% in October 2009.
The Great Recession was a period of market decline in economies around the world ... The unemployment rate peaked at 10.0% in October 2009 and did not return to its ...
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]
Professional and Business Services. 2007 unemployment rate: 4.8%. Peak unemployment rate during Great Recession: 12.4%. Change of unemployment rate during Great Recession: 158.33%. May 2022 ...
South Dakota's unemployment rate reached 5.3% during the recession, one of the lowest peak unemployment rates of all states. Since first reaching this high in May 2009, the unemployment rate has ...
Job losses caused by the Great Recession refers to jobs that have been lost worldwide ... The unemployment rate for October rose slightly due to population growth and ...
Reduced demand, the highest unemployment rate in almost a decade and the depreciation of the Mexican peso caused analysts to revise growth estimates officially from 1.8% to somewhere closer to 0% for 2008. [16] [17] The recession did not show up until 2009, but the recession already slowed down in 2008.
In addition to the S&P 500’s boom, the inflation rate fell from 5.4% to 3.4%, the U.S. 30-year mortgage rate fell from 10.13% to 8.05% and the number of bank failures dropped from 381 to just 7.