“The Recession”
No matter where you turn right now, all you will hear is recession this recession that. For the most part, being in a recession is relatively easy to define. Jobs are scarcer; many people are forced to stay in, or accept jobs that are below their skill and/or education level, and many people cannot find work at all. For the general public, the percentage of (eligible) workers unemployed is one of the most common statistics to be quoted in bad times, one of the easiest to understand and the one statistic that will truly ‘hit home’ so to speak. I’m going to try to break down what exactly is going on in pretty broad terms so that you can know more than most people without having to learn all the finance bullshit I know.
