Labor & Economic News Blog

Tuesday, June 24, 2014

5 years after the Great Recession: Where are we now?

5 years after the Great Recession: Where are we now? It was the worst U.S. economic calamity since the 1930s. Over 19 months, the Great Recession erased trillions of dollars of wealth, destroyed 8 million jobs and robbed tens of thousands of their homes. More than half of adults lost a job or saw a cut in pay or hours, and almost everybody's wealth fell. In the five years since the recovery began, the economy has grown slowly, in fits and starts.

 



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