<Tr> <Td> 1982! Dec 1982--July 1990 </Td> <Td> 092! 92 </Td> <Td> 2.8! + 2.8% </Td> <Td> 4.3! + 4.3% </Td> <Td> Inflation was under control by the mid-1980s . Influenced by low and stable oil prices in combination with a steep rise in private investment and rising incomes, the economy entered what was at the time the second longest peacetime economic expansion in U.S. history . </Td> </Tr> <Tr> <Td> 1991! Mar 1991--Mar 2001 </Td> <Td> 120! 120 </Td> <Td> 2.0! + 2.0% </Td> <Td> 3.6! + 3.6% </Td> <Td> Following a mild recession in the early 1990s, the U.S. entered the longest period of economic expansion in its history . Job growth remained weak at first, hampered by mass layoffs in defense - related industries following the end of the Cold War . Construction hiring was also weak, and real estate values subdued, following a period of overbuilding in the 1980s . Economic growth solidified by 1993, and home prices rebounded starting in 1995 . The latter half of the period saw the rise of the dot - com bubble, as personal computers and internet access became widely available . Eager to profit from these new technologies and fueled by low interest rates and a 1997 tax cut on capital gains, investors drove stock valuations to record highs . In a move to protect the broader economy from the over-inflated stock market, the Fed began raising interest rates in 1999, culminating in a market crash and a string of high - profile bankruptcies beginning the following year . </Td> </Tr> <Tr> <Td> 2001! Nov 2001--Dec 2007 </Td> <Td> 073! 73 </Td> <Td> 0.9! + 0.9% </Td> <Td> 2.8! + 2.8% </Td> <Td> Another mild recession occurred in 2001, followed by moderate expansion . Persistently high unemployment and slow wage growth sparked complaints of a "jobless recovery", though unemployment eventually fell below 5% by 2005 . Meanwhile, the rise in home prices that began in the mid-1990s grew into a real estate bubble . Home construction boomed, while low interest rates and loosened lending standards allowed homeowners to easily withdraw equity, boosting consumer spending and job growth . Though the housing market entered a correction in early 2006, the effects on economic growth were initially muted . However, mortgage defaults spiked starting in 2007 and the banking industry began to destabilize, leading to the subprime mortgage crisis . A deep recession began at the end of that year, bringing an end to the Great Moderation, a period of stable economic expansion and employment growth that began in the early 1980s . </Td> </Tr> <Tr> <Td> 2009! June 2009--Ongoing </Td> <Td> 105! 105 + </Td> <Td> 1.4! + 1.4% </Td> <Td> 2.2! + 2.2% </Td> <Td> The effects of the Great Recession of 2007 - 2009 continued to be felt for years, with the economy described as a "malaise" as late as 2011 . Employment growth remained historically low, and unemployment would not return to pre-recession levels until 2016 . Long - term unemployment rose to a record high while labor force participation fell off sharply as many of the unemployed gave up looking for work . In an effort to spur economic growth, the Federal Reserve engaged in three rounds of quantitative easing, while the federal funds rate was kept near zero for an unprecedented seven years . However, credit remained difficult to obtain for some time, as lending institutions used the newly created cash to shore up their balance sheets . What growth occurred was unevenly distributed; roughly half of GDP growth from 2009 - 2015 went to the top 1% of households . Unlike every previous post-war expansion, GDP growth has not surpassed 3% for any calendar year as of 2017 . </Td> </Tr>

When did the growth rate reach its all-time peak what was the growth rate