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Bank run on the Seamen's Savings Bank during the panic of 1857. There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, [1] the consensus view among economists and historians is that "the [cyclical] volatility of GNP and unemployment was greater before the Great ...
A Continuity of Operations Plan (or Continuity of Government Plan) has been a part of U.S. government operations since President Dwight D. Eisenhower provided (via executive order) various measures designed to ensure that the government of the United States would be able to continue operating after a nuclear war. [3]
The United States exited recession in late 1949, and another robust expansion began. This expansion coincided with the Korean War, after which the Federal Reserve initiated more restrictive monetary policy. The slowdown in economic activity led to the recession of 1953, bringing an end to nearly four years of expansion. May 1954– Aug 1957 39 ...
President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working ...
It happened again — the US economy defied yet another forecast in a big way. Economists were convinced the last quarter of 2023 had to be the one where economic growth slowed significantly after ...
The US economy is on the verge of an extremely rare achievement. Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second ...
US unemployment rate, 1973–1993. The United States entered recession in January 1980 and returned to growth six months later in July 1980. [1] Although recovery took hold, the unemployment rate remained unchanged through the start of a second recession in July 1981. [2] The downturn ended 16 months later, in November 1982. [1]
Meanwhile, jobless claims data for the week ending Sept. 21 signaled a decline in the number of people filing for unemployment benefits. The Department of Labor saw 218,000 unemployment claims ...