Which period is noted as having the longest recession in the United States since the Great Depression?

The longest recession in the United States since the Great Depression occurred from 2007 to 2009. This period is often referred to as the Great Recession. It was characterized by a significant downturn in economic activity, widespread unemployment, and a severe decline in the housing market, which was triggered by the subprime mortgage crisis. The recession officially lasted 18 months, starting in December 2007 and ending in June 2009, marking it as the most prolonged economic contraction in the U.S. since the Great Depression of the 1930s.

The significance of this recession lies in its impact on nearly all aspects of the economy, affecting households, businesses, and government policies. Recovery from this recession took several years, with the labor market taking longer to rebound fully. In contrast, the other timeframes listed, such as the recessions in the early 1990s and early 2000s, were notably shorter in duration and did not have the same level of pervasive economic consequences.