1 Do not capitalize general positions or titles. For example, capitalize Mother when that is the name a person uses to address his or her mother.  Capitalize positions or titles when they refer to specific people or agencies, such as Social Security Administrator or Agency (referring to a specific agency).
This recession lasted ten months (July 1953 - May 1954). It resulted from the demobilization after the Korean War. Unemployment didn't reach its peak of 6.1 percent until September 1954, four months after the recession ended. GDP contracted 2.2 percent in Q3, 5.9 percent in Q4, and 1.8 percent in Q1 1954.
The economy lost 8.7 million jobs as a result of the 2007-2009 recession, the worst since the Great Depression of the 1930s. Those losses included 4.4 million jobs lost during Bushâs final year, and another 4.3 million during Obamaâs first 13 months in office. But since then, all the jobs initially lost under Obama have been regained, plus another 1,564,000.