Still, 18 months into recovery, there are more than 7 million fewer jobs in the economy than there were just prior to the recession, and the unemployment rate remains stubbornly close to its peak. American families have not experienced such a prolonged and severe period of unemployment since the early 1980s.
Advancing Our Understanding of Community Banking Michelle W. Bowman Member Board of Governors of the Federal Reserve System St. Louis, Missouri October 1, 2019  Figure 1: Number of Banks by Asset Size Range − 2011:Q3 and 2018:Q4 Number of banks 5,000 4,569  4,000  2011:Q3 2018:Q4 3,000  2,887  2,000  1,354 1,075  1,000 731  651  620  625  113  132  0 Under $ million  $ million to $ million  $ million to $ billion  Asset size range Note: Includes commercial banks, thrifts, and cooperative banks.