Longest Recession Since World War II
(CNN Money) — The Great Recession ended in June 2009, according to the body charged with dating when economic downturns begin and end.
But the news is little comfort to the millions of Americans still out of work, underwater on their mortgages or uncertain about the future.
The National Bureau of Economic Research, an independent group of economists, released a statement Monday saying economic data now clearly point to the economy turning higher last summer. That makes the 18-month recession that started in December 2007 the longest and deepest downturn for the U.S. economy since the Great Depression.
SEE ALSO
- Celebrity Hairstylist Dee Michelle Talks Hair Health & Her Invisible K-Tip Method
- From Basic To Bomb: 5 Ways To Elevate Your Sex Game This Summer
- Love Or Liability? How Romantic Relationships Really Impact Your Wallet
- Protected: The Sound Of Movement: Ledisi Reflects On The Power Of Protest Music And Self-Love In ‘The Crown’
- Boop, There It Is! Tony Nominee Jasmine Amy Rogers Is Making History As Broadway’s First Black Betty Boop — And She’s Just Getting Started [Exclusive]
