Recession, Great Depression | featured news

Longest recession since 1930s ended in June 2009, group says

Longest recession since 1930s ended in June 2009, group says

The longest U.S. recession since the Great Depression ended in June 2009, lasting 18 months, the National Bureau of Economic Research said.

Senh: The good news: recession ended last June. The bad news: worst recession since the Great Depression.

 

White House: U.S. Has Avoided Depression - Obama Ventures to Indiana in Defense of Stimulus

White House: U.S. Has Avoided Depression - Obama Ventures to Indiana in Defense of Stimulus

A White House spokesman said Wednesday that the United States has avoided falling off an economic cliff, citing as evidence a new report showing factory orders rose in June for the fourth time in five months, an unexpected gain and the latest sign that the ailing manufacturing sector is recovering.

 

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