EveryJoe » personal income http://www.everyjoe.com Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Thu, 26 Nov 2009 06:34:28 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Recession Now Official http://www.everyjoe.com/articles/recession-now-official/ http://www.everyjoe.com/articles/recession-now-official/#comments Mon, 01 Dec 2008 18:41:20 +0000 Miranda Marquit http://www.yieldingwealth.com/recession-now-official/ Post from: EveryJoe

Recession Now Official

]]> SO, we can finally “officially” say that we are in a recession. The National Bureau of Economic Research just reported that the U.S. has been in a recession since December 2007. So, many of us have believed it — despite strident denials by certain people in charge — and it is true.

So, while we haven’t seen two quaters of decline in economic activity, we’re still in a recession. CNN Money reports on how NBER decides what constitutes a recession:

The NBER also looks at real personal income, industrial production as well as wholesale and retail sales. All those measures reached a peak between November 2007 and June 2008, the NBER said.

In addition, the NBER also considers the gross domestic product, which is the reading most typically associated with a recession in the general public

Post from: EveryJoe

Recession Now Official

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