TriCom Technical Services

Is the Great Recession Really Over?

In Uncategorized on October 28, 2010 at 4:48 pm

Newspapers, magazines, and blog nationwide have declared that the longest-running recession known to the U.S. has technically ended as of June 2009.

What we seem to be forgetting is that this actually means that June 2009 marked the lowest point of business activity and turned towards recovery. The nation is still very much feeling the cold after-effects, and recovery efforts are making minimal positive changes.

According to Forbes, “Unfortunately, the recovery is what most people care about at this point, and it’s been lackluster at best. Since May 2009 unemployment has fluctuated between 9.4% and 10.1%. Federal Reserve officials have said in recent months that consumer demand, the housing sector and bank lending all remain weak. Congress has yet to decide what to do about expiring tax benefits, creating uncertainty in the economy. Even the NBER, the unofficial arbiter of recession start and end dates, says that “’economic activity is typically below normal in the early stages of an expansion, and it sometimes remains so well into the expansion.’”

“In other words, the Great Recession technically may be over, but in real terms it’s not–and it may continue for some time in the future.”

That being said, we at TriCom are doing our best to help people with Information Technology backgrounds find work. We currently have over 20 positions available, ranging from contract to contract-for-hire, to permanent placement. You can view our current jobs or stay connected with us through our LinkedIn group, Facebook page, and Twitter page. Keeping in touch with us allows you to be first to know about new jobs. If we don’t have a job listed that fits your current position, don’t worry, our needs constantly change.

Let’s work together to help improve the unemployment rate.


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