Hey Reddit stock market investors! This was originally a note for myself to keep an eye out for signs, but decided to share. (Reason for lack of some sources.) It's just a quick summary of important issues in 2006, 2007, 2008, 2020, 2021 and 2022. Feel free to add to it or fix it if you found better sources, in the comments.
-Unemployment Comparison-
•(+0.6 from 2006)5.0% Unemployment rate in 2007.
•US Unemployed Citizens, 7,600,000
•(+2.3 from 2007) 7.3% Unemployment rate in 2008.
•US Population, 2008: 305,694,910
•US Unemployed Citizens, 11,000,000
•(-2.8% from 2020) 3.9% Unemployment rate in 2021
•US Unemployed Citizens, 6,300,000
•(-0.3% from 2021) 3.6% Current Unemployment rate 2022
•US Population, 2022: 338,289,857
•US Unemployed Citizens, 5,900,000
-Housing Market Drop-
-13% Housing Market drop, 2008
•6.52 Million homes sold 2006-2007
•5.02 Million homes sold 2007-2008
•4.01 Million homes sold 2008-2009
-5.81% Housing Market drop, 2021-2022.
•5.64 Million homes sold in 2020
•6.12 Million homes sold in 2021.
•5.95 Million homes sold in 2022(so far).
•6.07 Million homes “Expected” to be sold 2023-2024
'Price of Life in the United States!'
Federal Minimum Hourly Wage
•$5.15(2006)
•$5.85(2007)
•$6.55(2008)
•$7.25(2020-2022)
Average Annual Income(Adjusted for inflation)
•$62,023.00(2006)
•$62,825.00(2007)
•$60,624.00(2008)
•$69,569.00(2019)
•$67,592.00(2020)
•$67,463.00(2021)
•$54,431.00(2022) <-9.1% Inflation
Average cost of a 'New' House
•$266,000(2006)
•$247,900(2007)
•$180,100(2008) <-Damn look at that drop!
•$391,900(2020)
•$453,700(2021)
https:///statistics/240991/average-sales-prices-of-new-homes-sold-in-the-us
Monthly Rent
•$1,034.00(2006)
•$1,023.00(2007)
•$1,095.00(2008)
•$1,463.00(2020)
•$1,827.00(2021)
•$1,925.00(2022)
Average cost of a 'New Car' .
•$23,634.00(2006)
•$23,892.00(2007)
•$23,441.00(2008)
•$40,663.00(2020) <-Pandemic Start, creating "Shortage"
•$42,380.00(2021)
•$47,148.00(2022)
-Inflation Rate-
-2006-2008 Inflation rate
•1.10% Inflation rate 2006-2007
•2.85% Inflation rate 2007-2008
•3.84% Inflation rate 2008-2009
-2020-2022 Inflation rate
•1.4% Inflation rate 2020-2021
•7.0% Inflation rate 2021-2022
•9.1% Inflation rate 2022-2023
-Cost of Oil per barrel-
-Highest cost of oil in 2007, $90.00 per barrel.
-Highest cost of oil in 2008, $145.85 per barrel.
-Highest cost of oil in 2021, $84.65 per barrel.
-Highest cost of oil in 2022, $106.92 per barrel.
-Bankruptcies-
-Total number of business bankruptcies in 2007, 28,322.
-Total number of business bankruptcies in 2008, 64,318.
-Total number of non-business bankruptcies filed in 2007, 775,344.
-Total number of non-business bankruptcies filed in 2008, 1,004,171.
-Total number of business bankruptcies in 2021, 16,140.
-Total number of business bankruptcies in 2022(so far), 13,160.
-Total number of non-business bankruptcies filed in 2021, 453,438.
-Total number of non-business bankruptcies filed in 2022(so far), 382,213.
-Some Sources-
Bankruptcy Link 2006-2017 https:///news/2018/03/07/just-facts-consumer-bankruptcy-filings-2006-2017
Bankruptcy Link 2018-2022 https:///news/2022/05/17/bankruptcy-filings-continue-steady-drop
Inflation Link 2006-2022 https:///senegal/inflation-cpi
Highest cost of oil source, Google.com each year, read multiple news articles from each year.
Houses sold 2005-2023 link, https:///statistics/226144/us-existing-home-sales/
Unemployment rate each year, via Google, via Bureau of Labor Statistics, United States Department of Labor.
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