Many economists are seeings signs that the "Great Recession" is over. The economy is no longer showing signs of the same decline it was a year ago or even six months ago. We all remember the infamous stock market crash that left many of us in disarray and feeling vulnerable to the Wall Street "decepticons".
But as of late we can turn on the news and not cringe at seeing our economy going down the tube! Here are some of the signs that this time period is coming to an end:
- The stock market has been rising steadily...
- Claims for unemployment peaked in March 2009 and there have been fewer and fewer claims each month...
- Manufacturing sectors are turning up--an example is with the government program, "Cash for Clunkers"; the auto industry and the steel industry have seen a sharp production rise since then...
- Gasoline deliveries have risen and this could mean with the lower gas prices that more people are driving and commuting more instead of using public transportation when gas prices were through the roof.
Even though the economy is showing signs of improvement, we are not completely out of the woods just yet. After "the recession" comes "the recovery" and that may take even more time to completely fix the damage that was done.
We can not control the cards we are dealt, but we can play them the best way we know how. If you were laid off, volunteer and continue to gain those necessary skills you would need for your next paid job. You can consider taking classes to improve your education or develop a side hustle, like edititing or web design...all of these can pay off in the future for when we bounce back completely and the economy is fabulous again.. lol
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