In December 2007 the United States of America experienced a very slight but tantalizing setback. In fact, due to this specific dilemma between 200,000 and 500,000 Americans were left unemployed and without a stable home. The National Bureau of Economic Research has labeled this national collapse “The Great Recession.” More recently, the unemployment rate has not seen dramatic improvements since the start of the Great Recession, according to the U.S. Bureau of Labor Statistics. Unemployment has become a problem that still exists today with a slow rate of change. By most measures, the economy has not improved: unemployment is rising, consumer spending is declining and financial markets have not regained the ground lost in the 2008-2009 financial crisis. Due to the Great Recession of 2007, employment rates dropped dramatically, leaving thousands of Americans unable to live up to the cost of living. It stands to reason that the Great Recession may simply be the cause of the high unemployment rate. This particular financial crisis has hit the American job market hard, creating a great desperation of inequality, which further affects different parts of society. Unemployment rates have not only reached levels close to those of the post-war period, but have also reached historic highs. The crisis has hit groups such as men, young people and low-skilled individuals more severely. Also hitting some sectors hard, including manufacturing, construction and parts of the financial sector, this crisis has become an economic nightmare. In particular, some economic activities have been dramatically depressed, while others have just faced a cyclical slowdown, and some states have been much more affected by the crisis than others (Estevão... middle of paper... jobs. Ronald Reagan he once said that the best "social program is a job." This type of "social program" provides revenue to the government in the form of taxation, rather than consuming money when people are on unemployment and letting the economic engine it creates roar. work Cited Abraham, KG and R. Shimmer, 2001, ―Changes in Unemployment Duration and Labor Force Attack,‖ NBER Working Paper No. 8513, National Bureau of Economic Research. House Prices and Regional Cycles in the United States,” United States: Selected Issues, IMF Country Report No. 08/256, Washington, DC: International Monetary Fund. Sullivan, D. and T. Von Wachter, 2009, “Job Displacement and mortality: an analysis using administrative data", Quarterly Journal of Economics, vol. 124, page. 1265– 1306.