Employment in Major Cities in the District Slumps Relative to the Rest of the Country

Armesto, Michelle; Canon, Maria E.
April 2011
Regional Economist;Apr2011, Vol. 19 Issue 2, p20
Trade Publication
The most recent recession was deep and long, the longest recession since the Great Depression. Economic growth has been positive since the fourth quarter of 2009, but the labor market recovery remains slow. From the business cycle peak in December 2007 to the trough in June 2009, the U.S. economy lost over 7.5 million jobs, a decline of 5.4 percent of total employment.


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