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Author Topic: The United States has finally recovered the jobs lost during the Great Recession  (Read 1508 times)
spazzdla
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June 20, 2014, 08:21:13 PM
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2008... the great recession....  :S..  The 30's would be dumbfounded at us calling that a recession.. The media has really hyped up a lot of crap lately.

A recession is just 2 or more consecutive quarters of negative growth.  If they were calling it a 2nd Great Depression, I'd agree with you.


So you think it was a great recession or a recession?.. I think it was a recession...
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June 20, 2014, 08:33:34 PM
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2008... the great recession....  :S..  The 30's would be dumbfounded at us calling that a recession.. The media has really hyped up a lot of crap lately.

A recession is just 2 or more consecutive quarters of negative growth.  If they were calling it a 2nd Great Depression, I'd agree with you.


So you think it was a great recession or a recession?.. I think it was a recession...

Oh, yeah, I agree...  If you look at the list of all US recessions on Wikipedia http://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States , you can see that the recession of 1973-75 was at least as bad as this one.


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June 21, 2014, 02:13:17 AM
 #23

Many people were just not counted in the statistics since they have given up finding jobs long ago

You could have 0% jobless rate if everyone is asking for social security without looking for a job actively. A good indicator is to see how many people are still receiving various benefits like food stamps etc...

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June 21, 2014, 03:20:03 AM
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Many people were just not counted in the statistics since they have given up finding jobs long ago

You could have 0% jobless rate if everyone is asking for social security without looking for a job actively. A good indicator is to see how many people are still receiving various benefits like food stamps etc...

Many people have also entered the population of people that should be in the working population, more so then jobs have been created

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