Images From the Recession
April 13th 2009 01:13
It can be difficult to capture the pressures of the financial crisis in pictures. However, with increasing numbers of unemployed, housing foreclosures, construction stoppages, business closure and bankruptcies, you can't help but notice the effects of what some are calling "The Great Recession" as can be seen in the pictures below. Many more images from the economic downturn can be found in this article at Boston.com.
As new home sales and housing starts hit record lows, empty lots, partially constructed homes and abandoned ones are seen in a subdivision on January 30, 2009 near Homestead, Florida. Prices in November of 2008 declined 8.7 percent from a year earlier, the biggest drop in records going back to 1991, the Federal Housing Finance Agency reported.
Hotel property manager Paul Martinez kicks in a tenant's door after no one answered the knock during an eviction February 26, 2009 in Colorado Springs, Colorado. The tenant said that he was laid off from his job in a retail store two months ago and had fallen behind on his rent payments at the low-budget hotel.
Storm clouds hover near unfinished home lots during a break between storms after the dwindling new home sales market brought construction to a halt at a new home development December 16, 2008 in Rancho Cucamonga, California. Home construction took its biggest dive in 24 years in November to reach a record low.
Hundreds of people stand in line as they look for jobs at the Miami Dade College Mega Job Fair 2009 on March 4, 2009 in North Miami, Florida. Job fairs are swamped with applicants as the economy continues to tank and many people find themselves unemployed.
Shoppers walk through a nearly empty aisle at a Circuit City store in Las Vegas, Friday, Feb. 27, 2009. Circuit City filed for Chapter 11 bankruptcy protection in November as it faced pressure from vendors, heightened competition and waning consumer spending. Later it announced it would liquidate its 567 U.S. stores, cutting more than 34,000 jobs.
A homeless resident of a tent city in Sacramento, California wears an American flag jacket on March 10, 2009. This tent city of the homeless is seeing an increase in population as the economy worsens, as more people join the ranks of the unemployed and as homes slip into foreclosure.
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