Wednesday, September 22, 2010
Recession's end 'doesn't mean everything is good'
The Great Recession ended in June of 2009, but this doesn’t mean the economy has improved. During the 18 month period, home values have drastically declined and over 7 million people wound up losing their jobs. Currently the unemployment rate is just under and nearing 10%, a big indicator that the US is still far from normal. Another downturn in the economy could spark a new, more serious recession. The Federal Reserve policymakers are meeting today to decide on how to stimulate economic growth.
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Certainly. We take what we can get - the economy is nowhere around where we would like it to be, but that does not diminish the fact that the recession officially ended and that we are better off than we were previously.
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