recession finally declared |
 Dec 1 2008, 12:26 PM
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#1
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 I'm Jc  Group: Mentor Posts: 13,619 Joined: Jul 2006 Member No: 437,556  |
QUOTE The U.S. entered a recession in December 2007, according to the National Bureau of Economic Research. about time QUOTE December 1, 2008: 12:26 PM ET NEW YORK (CNNMoney.com) -- The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy . The NBER is a private group of leading economists charged with dating the start and end of economic downturns. It typically takes a long time after the start of a recession to declare its start because of the need to look at final readings of various economic measures. "The committee views the payroll employment measure, which is based on a large survey of employers, as the most reliable comprehensive estimate of employment," said the group's statement. "This series reached a peak in December 2007 and has declined every month since then." Employers have trimmed payrolls by 1.2 million jobs in the first 10 months of this year. On Friday, economists are predicting the government will report a loss of another 325,000 jobs for November. anyway they have officially announced that we are in recession now and that we've been in one for a year now. so, supposedly the last few recessions lasted around 8 months?, but we're already a year in.  gonna have a hard time this christmas season
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Dec 1 2008, 12:30 PM
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#2
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 Senior Member Group: Member Posts: 70 Joined: Aug 2008 Member No: 680,835 |
ehemm im slow lol
wat is this ressision thing? wats goin on? |
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Dec 1 2008, 12:37 PM
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#3
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 Live long and prosper. Group: Staff Alumni Posts: 5,525 Joined: Nov 2006 Member No: 478,024 |
/facepalm...
Google and watch the news sometime. |
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Dec 1 2008, 03:41 PM
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#4
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 Senior Member Group: Staff Alumni Posts: 3,645 Joined: Feb 2004 Member No: 4,975 |
I don't even see how things are going to get better. At least gas is cheap, though
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Dec 1 2008, 03:53 PM
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#5
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 Has a PhD in horribleness Group: Member Posts: 866 Joined: Sep 2008 Member No: 686,301 |
psh. How long have we actually been in a recession?
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Dec 1 2008, 04:02 PM
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#6
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I'm Jc Group: Mentor Posts: 13,619 Joined: Jul 2006 Member No: 437,556 |
QUOTE(shanaynay @ Dec 1 2008, 04:53 PM)  psh. How long have we actually been in a recession? uhhh read the first post? QUOTE The U.S. entered a recession in December 2007, according to the National Bureau of Economic Research. QUOTE "The committee views the payroll employment measure, which is based on a large survey of employers, as the most reliable comprehensive estimate of employment," said the group's statement. "This series reached a peak in December 2007 and has declined every month since then." QUOTE anyway they have officially announced that we are in recession now and that we've been in one for a year now. so, supposedly the last few recessions lasted around 8 months?, but we're already a year in.
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Dec 1 2008, 04:03 PM
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#7
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 Group: Staff Alumni Posts: 7,020 Joined: May 2008 Member No: 653,768 |
What's a december?
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Dec 1 2008, 04:07 PM
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#8
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I'm Jc Group: Mentor Posts: 13,619 Joined: Jul 2006 Member No: 437,556 |
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Dec 1 2008, 04:09 PM
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#9
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Has a PhD in horribleness Group: Member Posts: 866 Joined: Sep 2008 Member No: 686,301 |
I think it's been longer than that...
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Dec 1 2008, 04:11 PM
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#10
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I'm Jc Group: Mentor Posts: 13,619 Joined: Jul 2006 Member No: 437,556 |
QUOTE(shanaynay @ Dec 1 2008, 05:09 PM) I think it's been longer than that... why do you think that and how much longer? |
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Dec 1 2008, 04:17 PM
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#11
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Senior Member Group: Member Posts: 70 Joined: Aug 2008 Member No: 680,835 |
oh wait this is about the economic crisis
i just read the update lol uhmm yeah a lot of people are losing jobs which is sad but i hope this new president (BLAH) will like fix this even if it takes years |
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Dec 1 2008, 04:18 PM
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#12
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Senior Member Group: Member Posts: 70 Joined: Aug 2008 Member No: 680,835 |
QUOTE(kryogenix @ Dec 1 2008, 05:03 PM) What's a december? lol the month? iduno.,. |
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Dec 1 2008, 04:18 PM
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#13
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Has a PhD in horribleness Group: Member Posts: 866 Joined: Sep 2008 Member No: 686,301 |
might be just because I live in michigan. Our economy blows more than the rest of the country.
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Dec 1 2008, 04:20 PM
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#14
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Senior Member Group: Staff Alumni Posts: 3,645 Joined: Feb 2004 Member No: 4,975 |
O.M.G...........
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Dec 1 2008, 04:23 PM
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#15
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I'm Jc Group: Mentor Posts: 13,619 Joined: Jul 2006 Member No: 437,556 |
QUOTE(Elba @ Dec 1 2008, 05:20 PM) O.M.G........... QUOTE(Elba @ Dec 1 2008, 05:20 PM) O.M.G........... QUOTE(Elba @ Dec 1 2008, 05:20 PM) O.M.G........... QUOTE(Elba @ Dec 1 2008, 05:20 PM) O.M.G........... QUOTE(Elba @ Dec 1 2008, 05:20 PM) O.M.G........... yeah that about sums up my response to the last few posts in here |
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Dec 1 2008, 04:27 PM
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#16
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Live long and prosper. Group: Staff Alumni Posts: 5,525 Joined: Nov 2006 Member No: 478,024 |
QUOTE(kryogenix @ Dec 1 2008, 03:03 PM) What's a december? Well Sonny its the time of year when this gentlemen below comes out of his drunken slumber to do community service anytime of the year other then december  all of december 
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Dec 1 2008, 05:45 PM
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#17
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 Amberific. Group: Staff Alumni Posts: 12,913 Joined: Jul 2004 Member No: 29,772 |
QUOTE(Elba @ Dec 1 2008, 03:41 PM) At least gas is cheap, though I know, right? I just got regular unleaded for $1.68!
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Dec 1 2008, 06:52 PM
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#18
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Live long and prosper. Group: Staff Alumni Posts: 5,525 Joined: Nov 2006 Member No: 478,024 |
^WTF I HAVE TO PAY 1.99 DAMMIT
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Dec 1 2008, 07:15 PM
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#19
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 Senior Member Group: Official Member Posts: 631 Joined: Feb 2008 Member No: 619,081 |
QUOTE(Jenni @ Dec 1 2008, 05:17 PM) i hope this new president (BLAH) will like fix this even if it takes years Do you not like president-elect Obama? And the economy will most likely take longer than Obama will be in office to be back all the way to it was before the recession. Or at least thats what I'm being told. |
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Dec 1 2008, 08:01 PM
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#20
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 DDR \\ I'm Dee :) Group: Mentor Posts: 8,662 Joined: Mar 2006 Member No: 384,020 |
^ Maybe she put blah because she didn't watch the news to catch who the president-elect is.
OMG, if JC didn't make news related topics we'd have some real idiots roaming the Earth. I think Obama will impliment some good things, but they will still be premature when his time in office is up, even if he is re-elected, so the next guy to come along will get more credit. |
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Dec 1 2008, 08:30 PM
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#21
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Live long and prosper. Group: Staff Alumni Posts: 5,525 Joined: Nov 2006 Member No: 478,024 |
^I know im really shocked that people are shocked by the news!!!!!!!
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