What we have right now is a wrong definition of recession. The current definition that Congress goes by is two or more consecutive quarters of decline in gross domestic product, but that doesn’t cover the pain factor. I think the new definition should be six or more consecutive months of decline in employment because I don’t see how you can ever have a jobless recovery.
Thursday, April 8, 2010
Ted C. Jones, Talks to Area Development Online
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment