Comments on: Job Cuts. http://jetcheck.net/2008/07/03/job-cuts/ Airlines, Airports, Aircraft Manufacturing. Tue, 20 Jul 2010 09:05:42 +0000 hourly 1 http://wordpress.com/ By: Dan Webb http://jetcheck.net/2008/07/03/job-cuts/#comment-13 Dan Webb Wed, 09 Jul 2008 10:44:14 +0000 http://jonathanheckman.wordpress.com/?p=20#comment-13 There's a difference between what's anticipated and what actually happens. Many anticipated a negative GDP number for first quarter - didn't happen. Then it was expected for it to be lowered in the revision - but it was revised up. The first release for the second quarter comes out July 31. There’s a difference between what’s anticipated and what actually happens. Many anticipated a negative GDP number for first quarter – didn’t happen. Then it was expected for it to be lowered in the revision – but it was revised up.

The first release for the second quarter comes out July 31.

]]> By: Jennifer Breslin http://jetcheck.net/2008/07/03/job-cuts/#comment-12 Jennifer Breslin Wed, 09 Jul 2008 03:24:17 +0000 http://jonathanheckman.wordpress.com/?p=20#comment-12 In the United States, the National Bureau of Economic Research's (NBER) Business Cycle Dating Committee ultimately decides whether the economy has fallen into a recession. The NBER defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production and wholesale-retail sales." (from Wikipedia) The official announcement has not yet been made, but it is anticipated to occur before the end of the year. So, we're likely in a recession now, but the report on it won't be out for a few months. In the United States, the National Bureau of Economic Research’s (NBER) Business Cycle Dating Committee ultimately decides whether the economy has fallen into a recession. The NBER defines a recession as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production and wholesale-retail sales.” (from Wikipedia)

The official announcement has not yet been made, but it is anticipated to occur before the end of the year. So, we’re likely in a recession now, but the report on it won’t be out for a few months.

]]> By: Dan Webb http://jetcheck.net/2008/07/03/job-cuts/#comment-11 Dan Webb Wed, 09 Jul 2008 03:13:12 +0000 http://jonathanheckman.wordpress.com/?p=20#comment-11 Well, by definition a recession is two consecutive quarters of negative GDP growth, which has yet to occur. The economy is still growing, just a at a much slower pace. Well, by definition a recession is two consecutive quarters of negative GDP growth, which has yet to occur. The economy is still growing, just a at a much slower pace.

]]> By: Jennifer Breslin http://jetcheck.net/2008/07/03/job-cuts/#comment-10 Jennifer Breslin Wed, 09 Jul 2008 03:11:06 +0000 http://jonathanheckman.wordpress.com/?p=20#comment-10 Have you been living under a rock or something? Have you been living under a rock or something?

]]> By: Dan Webb http://jetcheck.net/2008/07/03/job-cuts/#comment-3 Dan Webb Thu, 03 Jul 2008 03:22:32 +0000 http://jonathanheckman.wordpress.com/?p=20#comment-3 But we're not in recession! But we’re not in recession!

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