funding the future
Then and Now 10 years After the Great Recession by Jennifer Burnett
The Great Re c e ssion started in December 2007, giving states a little over 10 years to get back to pre-recession levels of employment, wages and fiscal stability. The recession lasted 18 months, making it the longest downturn since World War II.
FROM LATE 2007 UNTIL EARLY 2010, THE U.S. SHED MORE THAN
8.5 million jobs.
Monthly Change in Employment
MAR/APR 2018 | CAPITOL IDEAS
January 2018, +200K
In just one month (March 2009),
802,000 jobs were lost. March 2009, -802K
Sources: (Top right) The National Bureau of Economic Research defines a recession as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. (Above) U.S. Bureau of Labor Statistics.
Funding the Future