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The Great Recession officially ended in June 2009, according to the NBER Business Cycle Dating Committee. However, the unemployment rate peaked only in October 2009.
The Great Recession officially ended in June 2009, according to the NBER Business Cycle Dating Committee. However, the unemployment rate peaked only in October 2009. This could be interpreted as follows: Group of answer choices It is normal for unemployment to continue rising even after the recession is "officially" over There was something unusual about this recent business cycle if unemployment rose after the recession ended The NBER committee likely announced the end of the recession too early This rise in the unemployment rate was most likely a result of workers becoming discouraged and dropping out of the labor force
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