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The recession lasted 18 months and was officially over by June 2009. However, the effects on the overall economy were felt for much longer. The unemployment rate did not return to pre-recession levels until 2014, and it took until 2016 for median household incomes to recover.
When did 2008 recession start and end?
As a result of the Great Recession, the United States alone lost more than 8.7 million jobs, ing to the U.S. Bureau of Labor Statistics, doubling the unemployment rate. Further, U.S. households lost roughly $19 trillion in net worth as the stock market plunged, ing to the U.S. Department of the Treasury.
How long did 2008 crisis last?
Lasting from December 2007 to June 2009, this economic downturn was the longest since World War II. The Great Recession began in December 2007 and ended in June 2009, which makes it the longest recession since World War II.
Ryan Cowley branching out into biological research at the Inorganic Chemistry Gordon Conference, June 2010. Matt, Tom, Sarina, Karen, and Meghan at Sarinas
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