subject: The Economy State After Recession. [print this page] After nearly three years of consistently bad news, there is finally a break for the better. There are numerous indicators used by economists to determine the state of the economy. Over the last quarter they have noticed a decrease in foreclosures, decrease in job loss and increase in consumer spending. All of these factors and more have led to reports that the recession is finally over.
While the recession is over, the economy is still in a fragile state. It will take months, possibly even years, for the housing and job market to bounce back from what is being considered the second Great Depression. The upcoming holiday season will be a definitive indicator of what can be expected for Americans coming into 2011. If consumer spending is on the rise and presents a somewhat normal rate, then it will be safe to say that many of the seasonal jobs will stay put after the turn of the New Year as businesses look to increase staff and continue to support spending habits.
Not all areas will see an increase. There are still 27 states that had an increase in unemployment rates during the month of August. Many states will continue to struggle to recover after the recession. Resilience is mostly based on the types of jobs that are available as well as the population for that city or state. Many high paying corporate jobs will not be reinstated according to Federal reports, but there is estimated to be an increase in jobs throughout the finance, hotel and restaurant industry as more consumers get back to enjoying the finer things in life. In general, companies will be expanding and hiring with caution to protect themselves from faltering during another economic recession and to ensure that they bounce back better than ever from the current recession.
by: rudsontren
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