Pictures of the Great Recession brought to you by the Center for Budget and Policy Prioritiesnter on Budget and Policy Priorities
Part I: Recovery Began in Mid-2009
The Economy Has Been Growing
The Private Sector Has Begun to Add Jobs
Part II: The Recession Put the Economy in a Deep Hole
GDP Fell Far Below What the Economy Was Capable of Producing
Job Losses Were Unprecedented
The Unemployment Rate Rose to Near Its Postwar High …
… And Could Stay High for Some Time
The Share of the Population with a Job Fell to Levels Not Seen Since the Mid-1980s
Long-term Unemployment Rose to Historic Highs
Labor Market Slack Reached a Record High
The Number of People Looking for Work Swelled Compared with the Number of Job Openings
Part III: The Great Recession Would Have Been Even Worse without Financial Stabilization and Fiscal Stimulus Policies
GDP Would Have Been Lower Without the Recovery Act …
… And Unemployment Would Have Been Higher
The Gap Between Actual and Full-Employment GDP Would Have Been Much Larger Without TARP and the Recovery Act
