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Analysis: K.M. Johnson, Carsey School, University of New Hampshire Source: National Center for Health Statistics The Great Recession sent an economic shock through American society that reached far beyond the stock and housing markets. More than five years after economists announced the end of the recession, fertility levels have still not recovered. As a result, more than 3.4 million fewer babies were born in the United States between 2008 and 2015 than would have been expected if pre-recession fertility rates had been sustained (see Figure 1). In each of the last five years, this birth deficit has resulted in roughly 500,000 fewer births.

U.S. Births Remain Low as the Great Recession Wanes; More Than Three Million Fewer Births and Still Counting