Analysing the Recent Economic Recession and Its Effects

The labor force participation rate is calculated based on people over the age of 16 and the unemployment rate is measured as a percentage of the total number of people who are over 16 years old and not working (Krugman & Wells (2012)). The US Labor Statistics Bureau (BLS) is responsible for tracking the labor force's employment rate and the unemployment rate (BOOK) in the United States. The US Bureau of Labor Statistics classifies the unemployment rate and labor rate far beyond what number of workers are not working and sets race, age, sex, and school education level from high school graduation to bachelor's degree and higher education I will split it.

Since the Great Depression of the 1930s, the Great Depression in 2007-2009 caused the biggest economic turmoil in the United States. The recession is a recurrence phenomenon, but the recent economic downturn is an exception to that period and depth. This is the longest depression since the Great Depression. During the 18 months from December 2007 to June 2009, it exceeded the 16 months recession of 1973 - 1975 and 1981 - 1982; the average period of recession after World War II peaked It ranged to the valley of 11.1. The monthly Great Depression is also particularly serious, with gross domestic product and employment decreasing by about 6% and median household income by about 8%. According to the National Economic Research Bureau's date process, even after the recession has officially ended, the number of people employed is still small, the great recession is worth mentioning in particular.

In the United States, the Economic Cycle Dating Committee of the National Bureau of Economic Research (NBER) is often regarded as an authority with a recession in the United States. The National Economic Research Bureau defines the economic downturn as "the remarkable decline in the economic activity of the economy continues for more than a few months and is seen in real GDP, real income, employment, industrial production, wholesale / retail sales." Scholars, economists, policy makers, and businesses all follow the NBER's decision to accurately determine when the recession starts and ends.

Talking about the recent economic downturn we are facing has had a major impact on the DFS business and its sales have declined, a relationship between DFS and its economic environment. Due to the economic downturn, the purchasing power of DFS customers is not as strong as the sales of the previous year. The population environment plays an important role in companies. Changes in demographic factors can affect sales. For example, a woman with a child wants to come to DFS and buy a sofa, so it is necessary to convince her that she is not a married woman without a child, but a certain type of sofa suitable for her family. Therefore, product selection reflects the type of demographic factors