Secretary [edit]. The Secretary of State is elected for a four-year term, concurrent with that of the governor. Candidates are nominated at partisan conventions. Under the state Constitution, the Secretary of State is restricted to two four-year terms in that office.
1 The employment decline experienced during the December 2007âJune 2009. recession was greater than that of any recession of recent decades. Forty-seven. months after the start of the recession that began in November 1973, for example, employment was more than 7 percent higher than it had been when the recession. started.
The 9/11 Recession: (March 2001 - November 2001) 1  Duration: 8 months. 2  Magnitude GDP Decline: 0.3. 3  Reasons and Causes: The collapse of the dotcom bubble, the 9/11 attacks and a series of accounting scandals at major U.S. corporations contributed to this relatively mild contraction of the U.S. economy.