events

The COVID-19 recession causes the U.S. unemployment rate to hit 14.9 percent, its worst rate since the Great Depression.

Historical image related to The COVID-19 recession causes the U.S. unemployment rate to hit 14.9 percent, its worst rate since the Great Depression. from May 9, 2020

COVID-19 recession

Economic downturn, primarily due to the COVID-19 pandemic

The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other…
Source: Wikipedia (CC BY-SA)

Unemployment in the United States

Explanation of unemployment in the United States, presently and historically

Unemployment in the United States discusses the causes and measures of U.S. unemployment and strategies for reducing it. Job creation and unemployment are affected by factors such as economic conditions, global competition, education, automation, and demographics. These factors…
Source: Wikipedia (CC BY-SA)

Great Depression in the United States

Period in American history, 1929–1939

In the United States, the Great Depression began with the Wall Street Crash of October 1929 and then spread worldwide. The nadir came in 1931–1933, and recovery came in 1940. The stock market crash marked the beginning of a decade of high unemployment, famine, poverty, low…
Source: Wikipedia (CC BY-SA)

May 9

Day of the year

May 9 is the 129th day of the year in the Gregorian calendar; 236 days remain until the end of the year.
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