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BIBLIOGRAPHY

The Recession of 2007–2009 (BLS Spotlight on Statistics, February 2012)

U.S. Bureau of Labor Statistics

Claims Supported by This Source

  1. The most recent recession began in December 2007 and ended in June 2009.
  2. The unemployment rate in December 2007 was 5.0%, having been below that level for the previous 30 months. At the end of the recession in June 2009, it was 9.5%. It then peaked at 10.0% in October 2009. The last time the rate exceeded 10.0% was from September 1982 to June 1983 (peak 10.8%).
  3. Job openings peaked at 4.8 million in March 2007 and fell by 44% during the recession. Nonfarm employment peaked at 138 million in January 2008 and fell by 5% during the recession.

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