Jobs and the End of the Recession
Rudy Karsan -
Current Events
Monday, November 02, 2009 10:49:53 AM
Most of us are aware of the news over the last few days about the spurt in growth of the U.S. economy. This has created a sense of optimism that we are finally emerging from the recession, which is now being referred to as The Great Recession. There is presently a lot of confusion for everyone in the marketplace about how the immediate future is going to pan out. Is the recession really officially over? Are things going to get better? Is it going to be like the end of any other recession? When are the jobs coming back? Why do things still seem lousy?
We must bear in mind the fact that historical data shows us that jobs take anywhere from nine to eighteen months to bottom out after a recession ends. So anyone that has expectations of seeing a dramatic improvement in the job market once the recession ends should recalibrate their thinking. If you are looking for a job and having trouble finding one, don’t be discouraged. It will remain tough for another few months. In the last recession we had, it took close to eighteen months for the jobs front to bottom out. So, though it is great news that the light at the end of this tunnel is finally visible, remember that the market may remain sloppy for a while yet.