Getting The Job You Want Without Worring About The State Of The Economy

Getting The Job You Want Without Worring About The State Of The Economy

by Rina Harris
     
 

A recession is defined as a sustained period of negative economic growth.

Okay, so what does that mean exactly? Well, there are several "rules of thumb" for identifying a recession, depending on who you talk to.

Two Down Quarters of the GDP: This is largely considered the standard definition of a recession. Putting it simply, if two fiscal quarters… See more details below

Overview

A recession is defined as a sustained period of negative economic growth.

Okay, so what does that mean exactly? Well, there are several "rules of thumb" for identifying a recession, depending on who you talk to.

Two Down Quarters of the GDP: This is largely considered the standard definition of a recession. Putting it simply, if two fiscal quarters go by with the GDP losing value, that's a recession. This standard was put forth by financial statistician Julius Shiskin in an article he published in the New York Times, and is the one most often practiced by economists.

1.5% Unemployment Rise: While the two down quarters rule is the one most commonly practiced, the 1.5% rule is probably a little more relevant to anyone looking to find a job during a recession. With this standard, a recession is defined as a period wherein the unemployment rate rises by one point five percent or more

Product Details

ISBN-13:
2940015689235
Publisher:
Joseph Corner
Publication date:
09/13/2012
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
0 MB

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