User:AngpasS/Great Recession

When discussing the Great Recession, it is essential to look at its effects on gender and age. When we look at worldwide unemployment data from the World Bank for male workers, we see that before the recession, worldwide unemployment for males was at 5.3%, staying the same in 2008, but in 2009, it rose to 5.9%. When we look at female worldwide unemployment data from Federal Reserve Economic Data, we see that the unemployment rate before the recession was 4.5%; in 2008, the unemployment rate rose to 5.4%, and in 2009, it was 8.1%. It is also essential to look at the recession's effect on young people. By looking at global unemployment data among youths from the World Bank, we see that unemployment before the recession was at 13.4%, staying the same till 2008, but in 2009, it rose to 14.4%. When studying youth unemployment data, we notice something troubling; youth unemployment never recovered; it continued to rise year after year with no stop. Unemployment among youths in 2020 is 17.2%, the highest it has ever been since the start of the recession.