After two
years of a deep recession that put employees at a disadvantage in the job market, it can be hard to imagine employing the sort of career strategies and tactics that were common the decade before.
Labour spending never rose above 40 % of GDP, and that was only in the last financial year after two
years of deep recession.
Not exact matches
Things start out looking pretty dire, as the economy fell into its
deep recession through mid-2009, with the S&P 500 reaching a minimum in March
of that
year.
It was also the
deepest Canada's real GDP plunged into negative territory in nearly six
years, when it fell by 3.6 per cent during the
recession - battered second quarter
of 2009, Statistics Canada said.
The province may finally be crawling out
of its
deepest recession since the dreadful 1980s, but it's a slow crawl, and
years will pass before the economy makes up the ground it lost.
For example, in the first
year of recovery following the
deep recessions of 1973 - 1975 and 1981 - 1982, real consumer spending increased an average
of 6.5 percent and residential investment rose an average
of 38 percent.
Much
of the shortfall through the first
year of President Obama's second term dates back to the
deep hole he inherited from George W. Bush as the economy plunged into the Great
Recession at the end
of 2007.
Two
years before the 2008 Wall Street crash that toppled the global economy into
deep recession, Harper's Magazine published a dark prophecy
of what was to come.
Under the more adverse scenario
of a longer and
deeper recession, the two -
year loss rates on average across the 19 banks were projected to be as high as experienced during the Great Depression.
Vanguard's doing something right to find companies that have grown dividends at a compound annual rate
of 7.2 % per
year through one
of the
deepest recessions in history.
As we know, the materialisation
of some
of the risks that had built up in the financial system, followed by a financial crisis,
deep recessions and slow recoveries, has meant that much more has been demanded
of central banks in recent
years, especially those in the major jurisdictions.
Six
years after the start
of a
deep recession and a growing call for more middle - class manufacturing jobs, one American industry is tackling workforce development in a unique way.
Then in 2006, after 30
years, those tax breaks expired, companies pulled out
of the island, taking with them well - paying jobs and tourism, and the island fell into a
deep recession.
Critics hammered McDonald's executives not only for offering unhealthful menu items but also for marketing fast food to kids with its Ronald McDonald character and Happy Meal toys, all while the company boasts
of eight straight
years of sales growth despite a
deep economic
recession.
We remain
of the view that, on balance, Mr Brown remains the best leader to tackle the difficulties posed by what may be the
deepest recession in 60
years.
Although public schools may still feel the repercussions from the 2008
recession, federal data showed a significant upsurge in state and local education spending in the 2014 - 15 school
year — an increase that, if it persists, could eventually restore four earlier
years of deep budget cuts, according to an analysis by The Hechinger Report.
«States made widespread and
deep cuts to education formula funding when the
recession hit, and close to half
of the states still haven't fully restored the cuts nearly nine
years later,» the report says.
With several automakers abandoning the lease market, the
deep economic
recession battering consumers, and the quality
of vehicles rapidly increasing, it should come as a shock to no one that the number
of Americans keeping their cars for more than four
years is rising quickly.
Vanguard's doing something right to find companies that have grown dividends at a compound annual rate
of 7.2 % per
year through one
of the
deepest recessions in history.
US banks stand to collect a record $ 38.5 bn in fees for customer overdrafts this
year, with the bulk
of the revenue coming from the most financially stretched consumers amid the
deepest recession since the 1930s, according to research.
Plus a financial crisis that rocked the markets
of the world and plumped us into a
deep recession that could take many
years to recover.
With the housing market bubble burst and
deep recession of recent
years, many
of us have experienced first or second hand the real pain that comes with financial debt.
This is the case in economics today, where Keynesian economists are attacked for their advocacy
of «fiscal stimulus» to promote recovery from a
deep recession; and in biology, where evolutionary biologists are attacked as atheists because they are steadfast in their findings that the earth is billions rather than thousands
of years old.
My first
year was tough, recruiting in the Construction sector in the middle
of deepest recession in living memory was no easy feat!
A few
years ago, in the aftermath
of the
deep recession, a lot
of ordinary citizens suffered financial losses that damaged their credit history.
Companies are now awash in resumes — especially in the aftermath
of the
deepest recession in 50
years.
Prognosticating during a
recession as long and
deep as we have seen the last couple
of years is a tricky business, indeed.