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Aug 23, 2023 · Rising interest rates and economic uncertainty are leading many Americans to worry about another recession. During a recession, people may experience significant impacts on their daily lives.
Dec 28, 2021 · T he U.S. economy ended up in a weird place in 2021. Consumers were eager to spend money, but couldn’t get their purchases because supply chains were haywire. Wages rose as workers resigned....
- Emily Barone
- 2 min
Sep 26, 2022 · Real personal income grew at an average of 0.62% prior to the average recession, while industrial production grew slightly, by 0.05%. Meanwhile, immediately following the onset of the average recession, all six indicators declined, which ultimately persisted for the entirety of the recession.
Apr 3, 2024 · The response to the pandemic recession, including the CARES Act and three other measures in March and April 2020, a December 2020 package, and the 2021 American Rescue Plan, was much larger, suggesting that policymakers had learned key lessons from the Great Recession experience.
Jan 13, 2022 · The quits rate in 2021 was higher for every industry than it was in 2009, a year after the Great Recession. The biggest increases came in leisure and hospitality, retail trade, and manufacturing compared to 2009. The government quits rate increased the least during this time.
Jun 8, 2020 · A reopening of businesses and government relief and stimulus actions fueled the ongoing recovery in the first quarter of 2021, when GDP rose by 6.3 percent but was still 0.8 percent below its level at the peak of the last expansion in the fourth quarter of 2019.
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Jul 28, 2022 · GDP shrank for a 2nd quarter in a row. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. Parts of the economy are clearly...
