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Unemployment Rate: The Great Recession From 2007 To 2009

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Unemployment Rate: The Great Recession From 2007 To 2009
Since 2009, our unemployment rate has been steadily dropping. The Great Recession from 2007 to 2009 had a significant impact on the economy spiking the unemployment rate of the United States at a shocking ten percent. Thankfully, under the governing of President Obama we have managed to reduce that rate to under five percent. Nelson D. Schwartz at the New York Times suggested that the decrease has necessitated employers to increase their wages to entice new employees and retain current ones, but is that the wisest option for business owners? Do economists anticipate unemployment rates to continue to drop, causing this to be a necessity?
In January of this year, 151,000 jobs in a variety of fields were added to the job market. While this
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