Economic Recession

We are currently going through an economic recession. The economic recession often refers to the two quarters of negative economic growth. A recession is a general slowdown in economic activity over a sustained period of time. Unemployment has been climbing and the stock market has been plummeting. Although teenagers may think the economic recession has little impact on them, they are wrong. We many not own homes, and falling home values don't matter to us. We may not own stock, and the plummeting stock market doesn't matter to us. We do, however, have jobs, or will have jobs in the next few years. Employers are cutting more and more jobs because of the economic depression. It affects the people who are losing their jobs and the people who are still looking for a job. For example, I already have a job, but I am looking for a better job in retail. Now that the economic recession has hit Canada retail has taken a dive. Not as many Canadians are shopping and buying as many clothes because of the economic recession. The economic recession has affected me because I haven't been able to find a good job in retail. Without realizing it, this recession has affected everyone in ways we never knew. Whether it's how much we make or how much we spend, the recession has influenced everyone.


Sources:
http://en.wikipedia.org/wiki/Recession
http://www.content4reprint.com/business/corporate/on-the-dole-the-effects-of-economic-recession-on-employment.htm
http://recession.org/