|| Print ||
|Monday, September 20, 2010|
By Bill Conerly
That nasty old recession is finally over. Turned out it was over June 2009. But now we know it officially. The arbiter of business cycles is a committee at the non-governmental National Bureau of Economic Research, which announced the decision today.
Their key statement was:
The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007. The basis for this decision was the length and strength of the recovery to date.
So, they are not saying that things are great now, or that the outlook is rosy. Simply that if things turn down now, it's a new recession rather than a continuation of the old recession.
For the record, I explained the background on the NBER approach in an older post about the beginning of the recession.
The committee looks at a number of indicators, including the classic four coincident indicators:
|Child care challenge|
|Is there life beyond Reed?|
|Back to School|
|Umatilla targets homeless camps|
|Obama has votes for Iran deal|
|A Bouquet of Beer in Bend|
|Obama aims to restore rights for workers|
|Apple's next new product event: Sept. 9|
|Washington meat producer recalls pork|
|Ninkasi grows to NY|
Yesterday, a divided National Labor Relations Board dropped another hammer on the employer community. In a long-awaited and much debated move, the Board jettisoned the decades old standard for determining when two independent businesses should be considered joint employers of an individual worker for collective bargaining purposes.
Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
The Oregon Entrepreneurs Network (OEN) is pleased to announce 16 finalists — from over 60 nominees — for the 2015 OEN Tom Holce Entrepreneurship Awards.
Oregon Sick Leave is here, and changes to the federal white-collar worker regulations are on the way. This workshop will prepare you for both. We invite you to participate in an interactive discussion on how to start planning now for the future impact on your operations and finances.
Presented by OEN + CENTRL + YESpdx.