U.S. in Recession – How Long It Will Last?
By HSB
It was declared today that U.S. is in recession since Dec 2007. But, how long it will last? Answer to that is very complex. When the news was published, immediate impact was seen in stock market. Some experts say it will last for deep into 2009.
CNN quotes
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 ….
Impact of Recession on Jobs
Now students worry about getting jobs after graduation. Students currently planning to apply for college admission will have doubts about their future. Especially those students who are planning for Graduate School in Spring or Fall 2009. It natural to be skeptical, when so much money is invested to study in U.S. [ cost of living in U.S. ]
I received many emails from students about recession, funding being cut to universities due to recession, less jobs will be available, some fear they want to go back to home country after studying in U.S. …fear is natural and it will take time for the economy to recover.
Its doing to be almost 12 months in Recession and which is considered to be longest recession period in U.S. since 1980.
What is Recession?
About.com says
There is an old joke among economists that states:
A recession is when your neighbor loses his job.
A depression is when you lose your job.
Wikipedia says
A significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP).
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- I Got Admit, but During Recession Can I Come to US?
- Applying for H1B Visa 2009 (FY 2010) – Think Twice!
- Companies That Are Hiring During Recession
- The Value of MBA During Recession
- H1B Visa 2010 – Strict Hiring Rules
