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bill still

Flash! Us Recession Ends

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Thank heavens for Reuters. If it weren't for them, we Yanks would still be feeling hopeless. Of course, these figures MAY be subject to future revision....

U.S. recession ends, jobless outlook bleak: survey

Thu Sep 10, 2009 7:54am EDT

WASHINGTON (Reuters) - The U.S. employment picture will stay bleak well into next year long after the recession ends, but the worst of the labor market crisis is over, top private economists said on Thursday.

Private economists polled for the Blue Chip Economic Indicators September survey say the unemployment rate will reach at least 10 percent in early 2010 and "recede from that level only grudgingly over the second half of the year".

More than 80 percent of the 52 private forecasters polled say the recession that started in December 2007 has ended. They look for gross domestic product to expand at a brisk 3.0 percent annual rate in the third quarter of 2009 and rise 2.4 percent in the fourth quarter.

This compares to growth rates of 2.2 percent and 2.3 percent respectively forecast in the previous survey.

For the year as a whole, the economy is expected to shrink 2.6 percent, the same consensus for July and August. In 2010 the economy will likely expand at a 2.4 percent pace, the survey said.

The latest survey was taken Sept 2-3, just before the release of the government's monthly report on jobs last week. In that report, the Labor Department put the jobless rate at 9.7 percent during August, the highest since June 1983, while employers cut 216,000 jobs, the smallest since August 2008.

Edited by bill still

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Thank heavens for Reuters. If it weren't for them, we Yanks would still be feeling hopeless. Of course, these figures MAY be subject to future revision....

U.S. recession ends, jobless outlook bleak: survey.............................................................

Our unconfirmed recovery started before your unconfirmed recovery so nah with knobs on.

p-o-p

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Its the press release, self serving survey recovereh!

Thank God its all over. I'm off to by a new house and a Merc SLK. Deposit on the old credit card of course <_<

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Our unconfirmed recovery started before your unconfirmed recovery so nah with knobs on.

p-o-p

and....our recovereh is bigger than yours! ner ner!

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Its the press release, self serving survey recovereh!

Thank God its all over. I'm off to by a new house and a Merc SLK. Deposit on the old credit card of course <_<

I think its our children and grandchildren we should be thanking. After all they bankrolled the bailouts and stimulus spending.

Thanks kids

Sorry you will never be able to enjoy the economic prosperity of our generation because we spent our savings and yours and fecked up the planet for you too

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I think its our children and grandchildren we should be thanking. After all they bankrolled the bailouts and stimulus spending.

Thanks kids

Sorry you will never be able to enjoy the economic prosperity of our generation because we spent our savings and yours and fecked up the planet for you too

This thread has an american flavo(u)r.

I hope that you're not suggesting that Superman and Spiderman won't be able to stop nasty things happening to children.

p-o-p

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Thank heavens for Reuters. If it weren't for them, we Yanks would still be feeling hopeless. Of course, these figures MAY be subject to future revision....

U.S. recession ends, jobless outlook bleak: survey

Thu Sep 10, 2009 7:54am EDT

WASHINGTON (Reuters) - The U.S. employment picture will stay bleak well into next year long after the recession ends, but the worst of the labor market crisis is over, top private economists said on Thursday.

Private economists polled for the Blue Chip Economic Indicators September survey say the unemployment rate will reach at least 10 percent in early 2010 and "recede from that level only grudgingly over the second half of the year".

More than 80 percent of the 52 private forecasters polled say the recession that started in December 2007 has ended. They look for gross domestic product to expand at a brisk 3.0 percent annual rate in the third quarter of 2009 and rise 2.4 percent in the fourth quarter.

This compares to growth rates of 2.2 percent and 2.3 percent respectively forecast in the previous survey.

For the year as a whole, the economy is expected to shrink 2.6 percent, the same consensus for July and August. In 2010 the economy will likely expand at a 2.4 percent pace, the survey said.

The latest survey was taken Sept 2-3, just before the release of the government's monthly report on jobs last week. In that report, the Labor Department put the jobless rate at 9.7 percent during August, the highest since June 1983, while employers cut 216,000 jobs, the smallest since August 2008.

In other related news,

a window cleaner told the shoe shine boy that 99% of windows needed cleaning more often that not.

a car salesman said that now is a very good time to buy a car.

an estate agent said now is the best time to buy a house, in fact there had never been a better opportunity.

an industry expert who works in the industry said that there business was definetly picking up & that next year would be much, much better.

no vested Interests were declared in the making of this ironic statement.

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Well, now that you all have confirmed this, I'm going out and buy a house.

and....our recovereh is bigger than yours! ner ner!

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Well, now that you all have confirmed this, I'm going out and buy a house.

You do that. Our Prime Minister has told us that the problems started in America so you can sort it out.

We'll follow your (imaginary) recovery straight away and everything will be fine by Christmas.

BTW - whilst we're sorting out any possible little misunderstandings, Tigger hasn't got a springy tail, OK?

p-o-p

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Imaginary!?

Please, I'm making major life financial decisions here.

You do that. Our Prime Minister has told us that the problems started in America so you can sort it out.

We'll follow your (imaginary) recovery straight away and everything will be fine by Christmas.

BTW - whilst we're sorting out any possible little misunderstandings, Tigger hasn't got a springy tail, OK?

p-o-p

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