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.
In 1929 the U.S. economy entered the Great Depression, which was exacerbated by the stock market crash of that era. Unemployment surpassed 25 percent, the government raised taxes, and the economy would not begin to recover for 10 more years. The market crash of 2008 was part of the Great Recession.