Early 1980s Recession. Kaulana La’a, Lehua La’a, Harlee Meyers. What Caused This Recession?. Inflation was still on the rise after the 1973-1975 recession. During this time the economy suffered from stagnation (high unemployment and high inflation)
Kaulana La’a, Lehua La’a, Harlee Meyers
During Spring of 1983, 30 states had double digit unemployment rates.