The term recession has been surfacing lately amidst all of the housing and credit troubles, but, if you're like most people, you're probably wondering, "Just what are the warning signs of Recession?"
Of course, you probably could have looked that up yourself, so let's look at the subject in a more descriptive way. Here are the Symptoms of Recession :
Signs of Recession
1. No jobs
Unemployment is one of the most telling signs that things aren't doing so great. In case you're wondering, the unemployment rate just hit 5% at the end of last year, marking a new two-year high.
2. Bringing down the house
Most everyone dreams of owning a house someday, or already owns one, so when such a popular market(real estate) takes a massive hit, it can trickle down throughout the entire economy. And if you've picked up a newspaper or magazine anytime within the past several months, you should be well aware that the housing market has seen much better days to say the least.
3. Nobody's hiring.
When financial times are tough, there are less jobs being created, in addition to possible layoffs at current companies. This combination one-two punch not only gets yopu fired, but also limits your options and chances of getting a similar job elsewhere.
4.Pay at the pump.
When the price of gas has you seriously considering folding your massive, manly frame into a dainty little hybrid car, it's another sign that a recession may be coming. High gas prices mean less driving, and less driving means less spending. It's a cycle that could easily spiral out of control if the numbers on those price boards keep climbing.
So, next time someone asks you, "What are the symptoms of recession?," you should have a pretty solid answer for them. But, let's hope that things start turning around, and the word fades back into the background where it belongs!
Share your experiences about recession here in the comments and any other symptoms you have come across.
Want to Fight Recession!!!!...... wait for my upcoming blog ...
Thanks,
Surbhi Maheshwari [MBA Fin / Mktg ]
Manager Finance
On Line Assistence :
Gtalk : SurbhiM.AeroSoft@gmail.com
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