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May 1, 2009: People protested economic conditions globally during the 2009 May Day protests. May 20, 2009: President Obama signed the Fraud Enforcement and Recovery Act of 2009. June 2009: The National Bureau of Economic Research (NBER) declared June 2009 as the end date of the U.S. recession. [187]
The number of unemployed people worldwide could increase by more than 50 million in 2009 as the global recession intensifies, the ILO has forecast. [18] In December 2007, the U.S. unemployment rate was 4.9%. [19] By October 2009, the unemployment rate had risen to 10.1%. [20]
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans. The Federal Reserve, Treasury, and Securities and Exchange Commission took several steps on September 19, 2008, to intervene in the crisis caused by the late-2000s recession .
A recession means the UK economy has shrunk for two three-month periods - or quarters - in a row.
In fact, the recession ended before the NBER determined that a recession had begun. Still, that recession cut deep, with the unemployment rating hitting 14.8% as 22 million jobs were slashed.
Unemployment rates account for people of working age that do not have a job. Unemployment rates are important due to the differences in policies taken from each political party. However, Job creation and unemployment are affected by many factors such as economic conditions, global competition, education, automation, and demographics, and global ...
This was due to the momentum carried over from the Democrats' 2006 successes, as well as the continued unpopularity of President George W. Bush, whose administration was now faced with a financial crisis and economic recession. Some people believe that 2008 is possibly a realigning election with a long-lasting impact, just as the election of ...
The term recession is being thrown around a lot. Here are the basics.