prerecession
1
7.4
- noun
- /ˌpriːrɪˈsɛʃən/
- By the end of 2017, the unemployment rate for older men was still 0.4 percentage points above its prerecession low of 2.9 percent in the third quarter of 2006.
- prerecession level
- prerecession low
- return to prerecession
Examples
-
Most alternative measures of labor underutilization have returned to their prerecession lows.
Academic text (2018) -
The government data showed that spending on consumer goods was significantly higher in the prerecession economy.
-
In many states, K-12 funding for education is still at prerecession numbers, yet technology is way ahead of this level.
Academic text (2014) -
All rates were at or near their prerecession lows.
Academic text (2018) -
At the close of 2017, the unemployment rate for people in this age group was about in line with its prerecession low (3.5 percent in the fourth quarter of 2006).
Academic text (2018) -
Although revenues are slowly recovering from the downturn's nadir, they remain 12% below prerecession levels.
Blog text (6) -
This proportion, although much lower than the historical high of 45.1 percent in the second quarter of 2010, was still notably higher than the prerecession level of 17.8 percent in the third quarter of 2007.
Academic text (2018) -
While the jobless rate for married women has stayed relatively low, at 5.6 percent compared with 2.6 percent before the recession, the rate for unmarried women has risen to 11 percent, from a prerecession level of 6 percent. (Shaila Dewan, "In Weak Economy, An Opening To Court Votes Of Single Women," The New York Times, 8/7/12)
Blog text (21) -
Many economists believe that the job market was much stronger during the prerecession period compared to now.
-
During the prerecession era, many families could afford to buy homes without financial stress.
How Close
Surface Forms
Morphology
Etymology
Prerecession combines pre- 'before' and recession 'a time when the economy slows or goes back', so prerecession names the time just before an economic slowdown begins.