The Recession of December 2007 ended in June 2009. Unemployment rates and underemployment rates both had gone up. Coinciding the unemployment rates and the underemployment rates was the falling income and the growth of poverty. Jobs were unavailable to the people and the shortage went out of hand. The decline in the stock market was another cause of this Great Recession. Gradually the recession grew. It started with the bursting of an 8 trillion dollar housing bubble. Consumer spending declined along with the wealth. A tremendous amount of jobs was lost and a shortage had occurred. Due to the fact of jobs lost, families have lost health insurance and all have sunk into poverty. The minorities in the United States suffered from unemployment
