2000-2010s Timeline

  • 2000

    The stock market stated to grow and become a way for people to invest and make money. In the third quarter of 2000 the growth of GDP slowed immensely sense the first quarter of 1992.
  • Period: to

    2000-2010

  • 2001

    There was a lot of unemployment. The total employment fell by over 1.3 million.
  • 2002

    The growth in the GDP had not grown by much and so employers were reluctant to hire. Employment contracted by 0.2 percent over the year.
  • 2003

    The United States economy had one of the strongest rate in almost 20 years in the third quarter of the year. 328,000 jobs have been added over the last four months - the most robust four-month job growth record in nearly three years.
  • 2004

    The United States GPA grew 4.4% in 2004. This was a big growth for the United States.
  • 2005

    The price of crude oil had a huge growth in 2005. The growth changed a lot of things economically for businesses. The price of metals also increased by a average of 30%. This also created a huge influace to the United States economy.
  • 2006

    Both economic growth and job growth fell in 2006. The residential housing boom also came to an end. In the third quarter, economic growth was only 2%. Along with both economic and job growth consumption growth also fell.
  • 2007

    In 2007 there were a lot of losses related to morage-related financial assets because they began to cause issues within global financial markets. In late December the United States economy entered a recession. The inflation rate in was only 2.86% which was lower than it was during 2006. This means that the inflation was higher.
  • 2008-2009

    During the years of 2008 and 2009, the United States fell into the worst economic recession that the country had experienced since the great depression. During the recession domestic product declined by 4.3%, the unemployment rate doubled to more than 10%, and home prices fell by roughly 30%. During these years because of the recession everything from the gross domestic product to the unemployment rate was effected by the recession.
  • 2010

    During 2010 the United States faced the end and aftermath of the recession. Even though things were a little better unemployment rates, climate change, the Federal Reserve, and sovereign debt were still issues. The United States was breaking records and being a top news story all over the world due to these issues. Because this year was the year after the rescission economic factors of the United States were still low but they were all getting better and going up.