BREAKING DOWN 'The Great Recession'. The term Great Recession is a play on the term Great Depression.. The latter occurred during the 1930s and featured gross domestic product (GDP) decline in excess of 10% and an unemployment rate that at one point reached 25%.
http://www.investopedia.com/terms/g/great-recession.asp
What was 'The Great Recession'. The Great Recession is a term that represents the sharp decline in economic activity during the late 2000s, which is generally considered the largest downturn since the Great Depression. The term “Great Recession” applies to both the U.S. recession, officially lasting from December 2007 to June 2009, and the ensuing global recession in 2009.
http://www.investopedia.com/terms/g/great-recession.asp
View photos. NEW YORK (CNNMoney.com) -- The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .
http://money.cnn.com/2008/12/01/news/economy/recession/
The Great Recession—which officially lasted from December 2007 to June 2009—began with the bursting of an 8 trillion dollar housing bubble. The resulting loss of wealth led to sharp cutbacks in consumer spending.
http://stateofworkingamerica.org/great-recession/
Seven years since the recession beganHow America is faring. print-edition icon From the print edition | United States. Although the economy has grown steadily, at 2.3% a year, this has disappointed forecasters and led many to downgrade America’s long-term potential growth rate. The typical family has yet to make up the ground lost during the recession and its aftermath; the wealthy and well educated have done much better.
http://www.economist.com/news/united-states/21635480-how-america-faring
One of the most widely recognized indicators of a recession is higher unemployment. rates. In December 2007, the national unemployment rate was 5.0 percent, and it had. been at or below that rate for the previous 30 months. At the end of the recession, in. June 2009, it was 9.5 percent. In the months after the recession, the unemployment. rate peaked at 10.0 percent (in October 2009). Before this, the most recent months. with unemployment rates over 10.0 percent were September 1982 through June. 1983, during which time the unemployment rate peaked at 10.8 percent.
https://www.bls.gov/spotlight/2012/recession/pdf/recession_bls_spotlight.pdf
Don LeeContact Reporter. In the 5 years since the recovery began, the economy has grown in fits and starts. It was the worst U.S. economic calamity since the 1930s. Over 19 months, the Great Recession erased trillions of dollars of wealth, destroyed 8 million jobs and robbed tens of thousands of their homes. Here's a look at key economic indicators five years into the recovery.
http://www.latimes.com/business/la-fi-recession-economy-20140622-story.html
print icon. Although the economy has grown steadily, at 2.3% a year, this has disappointed forecasters and led many to downgrade America’s long-term potential growth rate. The typical family has yet to make up the ground lost during the recession and its aftermath; the wealthy and well educated have done much better.
http://www.economist.com/news/united-states/21635480-how-america-faring
In the post-World War II recessions before the early 1990s, it took an average of 10 months for the economy to regain the jobs it had lost during the recession. But after the early 1990s recession, it took nearly two years, and after the early 2000s recession, it took over three-and-a-half years. Unfortunately, the recovery from the Great Recession is following the sluggish pattern of these last two recoveries, but likely with an even longer timeline.
http://stateofworkingamerica.org/great-recession/
The current recession is one of the longest downturns since the Great Depression of the 1930's. The last two recessions (1990-1991 and 2001) lasted eight months each, and only two of the 10 previous post-Depression downturns lasted as long as a full year, according to the NBER.
http://money.cnn.com/2008/12/01/news/economy/recession/
what year was the recession?
The recession was in December, 2007. The Recession was in the year 2007. The recession was in December 2007.   The recession was  in year 2007.