| Number of months since recession for the unemployment rate to return to pre-recession levels | |
|---|---|
| 1929 | 150 |
| 1960 | 20 |
| 1970 | 17 |
| 1973 | 25 |
| 1980 | 11 |
| 1981 | 28 |
| 1990 | 30 |
| 2001 | 46 |
| 2008 | 77 |
Period Of Economic Recession In America
Sources:
dailysignal.com
Share:
of
Those who were in the job force in 2001 know that recession felt nothing like the 2008 recession. It wasn't a crash. It was barely a blip on the radar by comparison. Yet the jobs recovery from that dip took more than half as much time as the jobs recovery from 2008, a crash billed as The Great Recession with an accompanying decimation to the housing market.