Is recession still in prevalance?

I think the worldwide recession is still up and running.

I suppose it depends on what your job is, how ‘safe’ you think your job is, and which departments people are being laid off in within your company.

If you think you are pretty safe working where you are, then I would stick with the same company for the present time. At least you may be fairly certain you will be taking home a salary each month.

We are in uncertain times with regards to the job market.

If seniority means anything to your employer, best to stay put for now. This recession is still in full stride. The house my business partner is building represents the only active building permit in the county. She’s only building because she inherited the means to pay cash.

Wait until your employer starts hiring again before looking for a new job. That’s probably the best sign that your sector of the economy is recovering.

@partyparty GA.

Obama is full of it… But we do luv our chain pulled.

The recession on paper might be showing a positive up swing.
But in reality, it is still going strong.

There are no jobs, companies are still cutting back. And, where they “should” be giving cost of living increases. They are calling them raises. So they don’t have to give across the board salary increases.

These days if you are not pursuing a complex expensive education. Like being a doctor or lawyer. Get any job where there will be a possible long term paycheck. Then hang on to it and hope to holds out till the storm ends or you find the job you want.

There was a time. If you were out of work, another job was a phone call away. Not necessarily your profession but a paycheck. Not any more. You could get a part time job if you wanted to put a few extra dollars in your pocket. Not any more.

And 10% unemployment is the new norm.

I remember when you were told to have a months worth of salary in the bank just in case.
Now it is suggested 8 months.

@ChazMaz The work market is very similar here in the UK. We are told there is a positive upswing, but still we hear daily of jobs lost.
Think it will be quite some time before we have an upturn (in real terms).
It would seem things are similar in the UK.

Recession/depression is still in full force where I live.
It was here before most of the country (US) and will probably be here after things get better in other areas.

Companies are still cutting back and some is from the recession. However, almost all of the 90 people laid off from our company have found work with other companies. It’s just taken awhile. Of the ones that haven’t found work, I think they have chosen approach to looking that is not designed to generate interest in them. One had a job offer right away, but asked to delay taking it because they wanted the summer at home with their daughter. Naturally, the company told them that they needed to fill the position sooner than September (the offer was made in March.)

In spite of layoffs, our company is still hiring other positions without filling internally first. It’s going to take a lot more work to find a job now, so if you think you would like to leave your current position, start doing the groundwork now by networking, brushing up your LinkedIn profile and resume, and repositioning your skills for a different role.

It doesn’t seem as if much is gradual anymore. Our society lives in an extreme time. It would follow then, that jobs and life issues are aligned with the that notion.

Perhaps this will soon pass…but, I wouldn’t bet on it.

Suggestion…

One that got us into it to begin with. Stop trying to keep up with the Joneses.

Want a nice new flat screen TV wait till you have the cash. In most cases wait till you have the cash or do without.

There was a time we lived within our means. Funny what we can do without when we don’t have the money.

@ChazMaz ”And 10% unemployment is the new norm.” That is the official numbers; the U6 numbers are hovering around 17–20% last I checked.
I agree with your latest post wholeheartedly, but the way we are set up here is a bit screwy. For instance, it is unlikely that I will ever be able to buy a house (or even a new car) since my credit is not great. The reason it’s not great is that I don’t use it much; I pay cash and thus don’t do anything to improve my rating. So basically, our system rewards those who live beyond their means and buys on credit.

That needs to change, but it would require a major overhaul of how we do things and start doing them the way we did… well, before Reagan,

Technically the recession has been over for a few months; practically, the sequellae will continue for a long time, especially in the area of jobs, and the recovery is very shaky.

@ChazMaz I couldn’t agree with you more. Save up before you purchase!!

yes…..and with the oil spill, the gulf coast and oil industry are both on very shaky ground.
The stocks are wavering.

it’s like a bull in a china shop. beware.

In times like recession, companies scrutinize where money is being spent to see if there is any opportunity to stay above the red line. It is a business, after all.

The problem is that not all companies have savvy leadership or offer a quality product or service. I worked for a hotel company for years, and was always shocked to observe owners/hotel managers fire the sales staff during an economic downturn. Why in the world would they let go of these employees in a time when they were really needed?

My fiancé works for a production company in the UK, and fortunately, they make a quality product with a good reputation. Yes, business has dropped off, but as production slowed, they let go of the contracted workers and kept their own.

My advice would be to continue doing your job and do it well. Look for something else that would be more to your liking, but do your research. Hiring managers are selling a position, and the last thing I would want is to end up in a job that wasn’t secure and didn’t offer a quality product or service that was similar to my values.

P.S. I just did a search on Monster.com using my zip code, and it came up with 756 hits. While probably not qualified for the majority of them, if there is a company that looks to be of interest, I’d contact them to see if there was a place I might fit in.

One thing I didn’t see mentioned is that it really is an employers market out there. They can fire current employees and turn down many highly-qualified applicants in search of what they feel to be the best people. That means that getting a job can be pretty hard unless you are THE KING/QUEEN SHIT in professional competence and demeanor. If you have less than a bachelors degree and under ten years experience, you might have a hard time even making assistant manager at McDonalds right now.

We are still in a full blown Depression and it is just now beginning to turn around. Once people stop pretending this is just a glitch of some kind and get down to changing the way they do business, we will see some progress.

This isn’t a recession, it’s the very tip of an economic crisis which will make the Great Depression seem like a period of great prosperity. The cancerous capitalist system is making its final metastatic assault on the internal organs of the body politic. When the smoke clears, there won’t be a bank or major corporation left standing, and the current crop of world governments will have been toppled—probably amidst horrific bloodshed and death. Got your bug-out bag ready?

Ahahahaha! Thanks for the nostalgia! That was fun for an old Soixant-Huitard.

The recession is no longer in prevalence. It’s now in the house of the second moon.

Even if we say this one is over, Recession will be lurking on the prowl to hit us anytime. The economy is going haywire and it’s just going to get harder. A bad economy means less jobs for everyone but it can provide you with a unique opportunity if you choose the right field to work in. I think careers like pharmacy, nursing, medical assistant etc are recession proof careers.