Peak Performance

From 1945 through 1980 there were eight recessions, never did it take longer than 24 months for employment to surpass its pre-recession peak. The 1982 recession was different, it took almost 30 months before the pre-recession peak was bettered. Each of the three subsequent recessions has taken increasingly long to recover, with it taking over six years for employment to surpass its 12/2007 high following the 2008/09 housing bust.