Is The Recession Over? A Few Scary Unemployment Facts.....

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Uploaded by on Oct 23, 2009

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This is scary folks. Where I live in Northeast, Ohio jobs are leaving in droves. Our once booming manufacturing state is slowing to a halt. Rubber, Steel, Goodyear, General Electric, Hoover, GM, Ford, Chrysler, etc. Is the recession over? You be the judge.

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  • Two years...and counting. Not good.

  • Unemployment is a lag indicator. The recession is, by it's very definition, over because we had a positive growth in GDP.

  • Hate to say it will get worse before it get better.

  • It's not over yet. I been trying to find a job for a while now, it isnt happening.

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