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1/10/2014 3:22:12 PM
19
So..the recession is over right? Yeah, no, no it's not.
The reason the unemployment numbers looked so rosy is that people left the workforce. In other words, they didn't find jobs, they stopped looking.
The way unemployment is calculated, you are only counted as unemployed if you A) Can work, and B) Are looking for work. If you can work, but stopped looking, [i]the government doesn't count you as unemployed[/i].
So when the news channels did that song and dance a few months ago about the recession being over? It was a lie. This recession is still here. Its still strong, and we are no where near out of it. The ONLY people for which its over are traders on Wall Street and corporate executives.
But, anyone with 1/4 of a brain already knew this.
English
#Offtopic
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4 RespuestasI think that telling people that the recession is receding and things are getting better, is more likely to improve things than telling them it's not <.< It might be lies, but if it helps make things a bit better... Exitus Acta Probat...
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14 RespuestasEditado por M37h3w3: 1/10/2014 5:35:56 PM[quote]The ONLY people for which its over are traders on Wall Street and corporate executives. [/quote] Charlie, don't you know? Wall Street and corporate executives are the only people who matter. The rest of us plebians don't deserve a minimum wage increase and should either die in rat infested shit holes because we don't have the drive to better ourselves or go massively into debt for a "useless" degree and try to compete with thousands of other better qualified applicants, who were born with silver spoons in their mouths.
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The "official" definition of a recession is two consecutive quarters of negative GDP growth, which is something that the US hasn't had since 2008-2009. GDP growth has been positive since then. It's more accurate to say that we are in a very, [i]very[/i] freaking slow recovery. With the stimulus wind-down that started at the end of 2013, the USD is expected to make some notable gains in 2014, which will hopefully help the rest of the global economy pick up steam. Right now, export economies that didn't get the worst of the recession, like Canada, have overvalued currencies. As the USD gains, those will fall, boosting exports in those countries.
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but... but... Obama said so...
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2 RespuestasBut ... but ... Obama said ...
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26 RespuestasEverything and everybody is so full of shit. Sometimes I just want to put a bullet through my head.
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2 RespuestasI've just given up to listening to the media when it tries to tell me whether or not we're in a recession.
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I never knew anyone thought it was over.
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5 RespuestasEditado por Logfish111: 1/10/2014 4:22:07 PMAlso, employment figures don't take into account what kind of jobs people are getting and how many hours they are working. It's just a useless statistic that the government will always try and twist in their favour to make themselves look better than they actually are.
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1 RespuestaI thought a recession was determined if there was 3 consecutive months of negative growth in the overall economy, not by unemployment figures. Granted, the levels of unemployment would change the standing of the economy and that meddling with figures to look good is bad, but a rise of unemployment doesn't necessarily mean that recession is back.
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Well, we are "technically" not a recession...
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1 RespuestaPlus many people hold more than 1 job which gives the impression that more jobs are being created
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As if we didn't know this?
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Finally someone on here who understands economics
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4 RespuestasSo you're saying we should count people that aren't working and don't seem to [i]want[/i] to work as unemployed? That sounds stupid. That would count retired and disabled people as unemployed too.
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Like we matter duh...
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2 Respuestas[quote]This recession is still here. Its still strong, and we are no where near out of it. The ONLY people for which its over are traders on Wall Street and corporate executives. [/quote]You're saying this as though anyone else matters.
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4 RespuestasEditado por RIP delta: 1/10/2014 3:35:24 PMBut what do unemployment stats have to do with whether or not an economy is in growth? Whilst the two are probably well linked, the fact that employment is high doesn't mean that an economy is in recession The situation sounds like what is happening in the UK - govmint claims unemployment is falling, which is technically true, but they count zero hour contracts as 'employed'
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4 RespuestasWhat news channel are you watching?
