Monday 9 May 2011

US economy: chronology of recovery

January 2009:They throw a 1.1 m jobs in the last two months of 2008, the figures show, making it the worst year for the market since the second world war.

The unemployment rate hit 7 2pc in December 2008, its highest since 1993.

March 2009:With the American economy shrank again, unemployment reached 8 5pc, the highest level since 1983.

August 2009:In August, the unemployment rate rose to 9 7pc.

September 2009:The u.s. unemployment rate hit 9 8pc in September, its highest level in 26 years.

October 2009 - the u.s. economy out of recession in the third quarter of 2009, figures published in the October show in 3 5pc.

However unemployment was mounted from July to September period, and without a job for October figures show the unemployment rate rose to 10 2pc.

January 2010 - the u.s. economy grew at the fastest pace for over six years in the last quarter of 2009, display numbers, expansion by 5 7pc-on-year. However, for 2009 in its overall economy was reduced by 2 4pc, its worst year since just after the second world war.

February 2010: figures for January show unemployment rates decreased again under 10pc.

July 2010: in July, the unemployment rate did not dropped much more, sat at 9 5pc. However the economy developed by 1. 7pc in the second quarter from April to June.

November 2010: the US economy grew by 2 5pc in the third quarter, revised figures show, purchases of consumption increased at the fastest pace since the last three months of 2006.

More people found work in October, the unemployment rate decreased to 9 6pc.

December 2010: American unemployment in November climbed unexpectedly at its highest level since April as slaughter in jobs of the retail given the rate of unemployment mounted for the first time in three months, hitting 9 8pc.


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