WASHINGTON (Reuters) – "The recession ended in June 2009, making it the longest downturn since World War Two, the National Bureau of Economic Research said on Monday."
The NBER, considered the arbiter of U.S. recessions, said it chose that month based on examination of data including gross domestic product, employment and personal income.
Feel better now? Are they kidding? Unemployment filings are bad now and was worse in 2009. Is there any point in even announcing the recession is over and if it was over a year ago, why are we just now hearing about it?
Answer by Mom2Just1 at 11:18 AM on Sep. 20, 2010
Answer by Smiley001 at 11:18 AM on Sep. 20, 2010
Thank goodness they are here to tell us that it's all good now! Wonderful, I don't know what all of the unemployed are complaining about. I guess they didn't get the memo.
Does anyone else feel a congressional pay raise coming down the pike?
Answer by QuinnMae at 11:24 AM on Sep. 20, 2010
Answer by jewjewbee at 11:28 AM on Sep. 20, 2010
Answer by salexander at 11:37 AM on Sep. 20, 2010
Answer by tnmomofive at 11:39 AM on Sep. 20, 2010
It is. Unemployment is the last to turn around
many other indicators have become better. Its slow but its getting better
Answer by sweet-a-kins at 11:50 AM on Sep. 20, 2010
Answer by UpSheRises at 1:30 PM on Sep. 20, 2010