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a lot of economics are local. Some places (like Detroit) can have hard times even during a national expansion. here's the national picture though-
Inflation dropped dramatically from 13.5% annually in 1980 to just 3% annually in 1983
Real GDP contracted in 1980 and 1982, but then we had good growth from there.
The unemployment rate peaked at 10.8% by 1982, but was 5.4% by 1989