The US economy has faced a challenging breakdown during the global financial crisis, and the crisis started in the sub-mortgage insurance market has influenced all the American economy.
Graph 1: Unemployment Rate Statistics in the US (Labor Statistics 1)
As can be seen from the graph, the unemployment rate has increased after 2007 in the States up to over 10%. The last unemployment rate announced by the Labor Statistics is 5.1% in 2015. The level of unemployment before the crisis was less than 5% in 2005. Consequently, it is possible to say that the US economy has achieved a recovery in the unemployment after the crisis. However, for providing a ...