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I often like to think that judging how bad a recession is relies upon the perspective of the individual. Even through one of the worst recessions in history, many people have managed to stay gainfully employed throughout the entire period. Yet for others who were laid off and are still struggling to find work, this really is a recession that has hit home. According to a government panel, the "Great Recession" officially ended in June of 2009, but does that tell the whole story?
Unemployment, for example, still remains stubbornly high, and experts don't predict that level falling for some time, if ever. Millions of Americans are still out of work and unable to find employment, and I'm sure if you asked these individuals if the recession is over you would receive a resounding "No." And while the recession may officially be labeled over, that doesn't mean that the country is immune from falling into a new one.
Weaker economic data has continued to climb over the past few months, and the NBER (National Bureau of Economic Research" recently said as much, saying "The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007. The basis for this decision was the length and strength of the recovery to date." Troubles in housing also continue to plague many parts of the country, with consumers worriedly watching their home prices edge ever lower. A recovery may be in the works, but it will likely be much slower than many consumers had hoped.
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What else can I help you with?
Is the recession over yet?
Depends which country you're talking about. I am quite sure that the USA is not yet over the recession, but I know that Australia never had a recession to begin with.
An economic condition characterized by a mild increase in unimployment and a moderate decline in production and sales?
recession it really is recession
Is the US truly in a depression?
Not Really, we are in a recession but not a depression.
Why there is recession all over the world?
There is an old saying...when the United States sneezes, the whole world catches a cold... In other words there is a recession all over the world because the United States is in a recession.
What is the difference between recession, depression, and inflation?
Recession is a period of economic decline, depression is a severe and prolonged recession, and inflation is the increase in prices of goods and services over time.
Is Ireland near the end of the recession?
In June 2010, technically, the recession is now over, but it will take time for the effects of this to be felt around the country.
What are the factors affecting recession?
Factors that affect recession are complex and vary between each incident. What most recessions seem to have in common is an over speculation in stocks, real estate, commodities or some combination precedes the recession. They are usually marked by a loss in confidence by the public which can affect the length/depth of the recession.
Who does recession affect us?
i dont know if your a kid but it will be over in 40 days
Is snus really bad for you?
It is not harmful. It does not cause gum recession or cancer. Nicotine is as safe as caffeine.
What was the official date the announcement came out that the recession was over?
The day after obama took office.
What is difference between depression and a recession?
A recession is a low point in the economy. A depression is an extreme low point in the economy that lasts a long period of time. We are at a recession, in the 1930's their was a depression in the US.
Why is iphone 4 200 dollars in the US but 500 pounds in the UK?
because the recession is over ... i really cant tell you why maybe there is a tax on it ... or because its "new" people sell it for more ... maybe they have to reconfigure it to a UK bandwidth ...
