3 thoughts on “Who Says the Recession is Over?”

  1. I don’t think the recession is over, but one of the ways the Federal Government in Canada tries to make out that it is, is by fudging the unemployment numbers. They do it like this:
    Suppose the work force is ten million persons. And suppose one million are unemployed. That means the unemployment rate is 10%. Then, let’s say another 500,000 persons get laid off. This should mean the unemployment rate is now 15%, which, of course, is horrendous. But the governemt still reports the rate as 10%. They do this by saying that 500,000 people have given up looking for work and therefore are no longer counted as part of the work force. So the recession is continuing to get worse, not better.
    Toronto is a very tough place to find work. The actual rate of unemployment may be over 15%.

  2. Barnes & Noble has been foundering for some time now, as has Borders.
    You know why, of course. It starts with an “A” and rhymes with a river in South America.


Leave a Comment