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Posted by Janine (MONEY FORUMS: 5, Answers: 0)
Asked on September 15, 2015 9:05 am
Hi Janine - Great question! Officially the recession ended in 2009. The government decides that a recession is over when they conclude that the bottom is passed and we have begun recovery. This does not, however, mean that all is well. Our economy continues to grow very slowly, the pace of new jobs barely covers the number of new people entering the workforce. Additionally, since this recession cost a great deal of jobs it is taking a long time to get people back into the workforce, as there were many people not working and there are not a lot of new jobs. Employment remains difficult for many people, not only those struggling to find jobs, but also those working part-time because they cannot find full-time employment. If people are diligent, apply somewhere every day, network, and keep an open mind about what work they will accept then they are likely to find something. Sometimes it is better to have a less than ideal job, as this can help pay the bills while continuing to look for something better.