The document discusses the 2008 US recession. It provides statistics showing that in 2008, the US was the #1 economy in the world, the #1 manufacturer, and the #1 trading nation. Charts are presented showing employment levels declining sharply from 2008 onward across various industry sectors, with manufacturing being hit hardest. Additional charts and equations are given showing declines in key economic indicators like GDP, industrial production, and employment during the recession years from 2008-2010.
The economy of the United States is the world's largest national economy since the1870sIts nominal GDP was estimated to be nearly $14.7 trillion in 2010,[1] approximately a quarter of nominal global GDPMost of the economy is classified as services. The country remains the world's largest manufacturer, representing a fifth of the global manufacturing output
Size of the main sectors % at the beginning of the recession Trend over time 3 main sectors