National Association for Business Economics (NABE) Determines that U.S. Recession has Ended
The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday.
More than 80% of top economists believe that the recession that started almost two years ago is finally over. But most don't expect meaningful improvement in jobs, credit or housing for months to come.
“The great recession is over!" Lynn Reaser, the president-elect of the National Association of Business Economists, declared today.
If you’re one of the 15 million people in this country who remain unemployed, your response to that might have involved your middle finger.