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When Did the Recession End

Readers Talk Back: The Recession Is So Not Over!

A lot of you had something to say about the report released by the National Bureau of Economic Research that said the recession ended last June. Many of you felt very strongly about this and it was definitely reflected through your comments. Here's what readers had to say about this:

 

  • Apparently I don't understand what a recession is — 'cause as far as I can see, it is NOT over! —
  • It's over?! That's news to me . . . —
  • It is definitely over. Have you tried going to a grocery store or a shopping center lately? They are PACKED! People are throwing money around like it's going out of style. —
  • It definitely doesn't FEEL like it. —
  • That definition needs to be updated. No reason to have a definition that doesn't apply to the real world. Academic fail. — Anonymous
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corbinia corbinia 5 years
If you are measuring a recession based on business closures, bankruptcies, or reduction in number of locations, this year is slightly better than last year, but probably only about 1/2 as good as it was in 2007. I work for a company in a role where I work with accounts that are closing or needing reductions in their service. I would say that we might be on the way back up, but I felt that way earlier this year and then it dipped again in early summer. It's definitely not a steady climb back up and many businesses are still being very cautious. I took a 30% pay cut to keep my job back in June and my company is making major steps to stay in business. That is just my POV from dealing with thousands of customers from a cross-section of industries and sizes.
snarkypants snarkypants 5 years
it's over. seriously. go to the mall. or even drive around. people are driving their gas guzzlers again. and not a day goes by where i don't see somebody driving past in a brand spanking new range rover or ridiculous mercedes suv
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