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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 Great Recession cost millions of jobs initially and high unemployment lingered for years after the official end of the recession in June 2009. One of the frightening aspects how deep the recession would go, which is one reason Congress passed and President Obama signed the American Recovery and Reinvestment Act (ARRA) in January 2009.
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% ...
Women are having a tougher time with the financial crisis and are more likely to struggle to stay on top of their finances, according to a new report. Twice as many women (68%) as men (32%) sought ...
The recession has caused some people to postpone having children until they feel more financially stable. But now comes reports of some struggling families putting the kids they do have up for ...
The Great Recession began in December 2007. That's when the official scorekeepers at the National Bureau of Economic Research said it began, anyway. It "officially" ended in June 2009, but ...
The 2008 financial crisis, also known as the global financial crisis, was a major worldwide economic crisis, centered in the United States, which triggered the Great Recession of late 2007 to mid-2009, the most severe downturn since the Wall Street crash of 1929 and Great Depression.
New research shows surprising positive effects of the Great Recession When people think of the Great Recession in 2008, they don’t tend to think of it as a particularly healthy time for humanity.