How to avoid the worst economic recession in decades: What to know about the worst downturn in decades
Posted February 10, 2018 04:12:47 The worst recession in U.S. history began in 2000, when the global financial crisis and the Great Recession triggered a devastating recession that wiped out more than three quarters of the economy.
The Great Recession has been receding ever since.
The unemployment rate has been declining for seven straight months, and the labor force participation rate has stayed fairly steady.
But the recovery from the Great Depression has been slow.
The Bureau of Labor Statistics reports that the economy added just 142,000 jobs in March, a rate that is slightly below its historical average of 187,000 a month.
Unemployment fell slightly to 7.9 percent in March from 8.9 per cent in February.
But joblessness has not stopped rising.
Nearly 2.7 million Americans are jobless, the highest rate in the country.
So how bad has the economy gotten?
According to the Bureau of Economic Analysis, the economy is actually growing more slowly than it did before the recession began in the early 2000s.
This is not to say the recession is over.
There are still millions of Americans out of work, and many still aren’t receiving unemployment benefits.
But what is happening is that a large share of those people are still working.
It is also important to understand that the recovery in the U.M. economy is not a perfect story.
Many of the workers who left the labor market have been able to return.
This recovery is not just good news for the average American, it is also good news to those who are in the middle or upper middle class, and it is good news that the unemployment rate is slowly dropping.
This recession started at a time when the U