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Period: to
recession
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recession
Still in a recesion from the end of the 80's
GDP growth was only about 1.86%
only 311 000 jobs created -
Recession
The Low piont in the recession
GDP decreased by .26%
858 000 jobs were lost -
recovery
GDP increase of 3.4%
1.154 million jobs created
economy is starting to recover from the depression -
recovery
GDP growth of 2.87%
2.788 million jobs created -
escape velocity
escape the reccession and GDP increse soars
GDP increase 4.11%
3.851 million jobs created -
Pause in growth
economy experienced a slight pause in growth primarily because the federal reserve raised interest rates from 3% to 6%
GDP increase 2.55%
2.153 million jobs created -
return to stong economy
GDP increase of 3.79%
2.794 million jobs created