As consumer spending and business investment dried up, massive job loss  followed. In 2008 and 2009, the U.S. labor market lost 8.4 million jobs, or 6.1% of  all payroll employment. This was the most dramatic employment contraction (by  far) of any recession since the Great Depression. By comparison, in the deep ...
Feb 11, 2011 ... The recession is officially over but unemployment remains high. ... More jobs  were lost in the recession of 2007-09 than in the previous four recessions  combined—and this time it is an agonizingly slow business to replace them. ...  Since last June, employers have added a net of only about 284,000 jobs.
Nov 30, 2017 ... The United States went through its longest, and by most measures worst  economic recession since the Great Depression between December 2007 ... the  jobs deficit was slow for some time, but the economy has now recovered the 8.7  million jobs lost between the start of the recession in December 2007 ...
Aug 11, 2016 ... The ability of conventional monetary policy to spur recovery following the Great  Recession was more limited than in any other postwar recovery. ... Figure A  shows payroll employment growth following the trough of the most recent four  recessions.1 The pre-recession employment peak is shown at the start of ...
NOTE: People are classified as unemployed if they do not have a job, have  actively looked for work in the prior 4 weeks, and are currently ... 4. For many  years, men's unemployment rates were generally lower than women's both  during and between recessions. However, since the early 1980s, men's  unemployment rates ...
We lost more jobs in this great recession than the last four recessions combined.