Recession or Recovery?

Posted Tuesday, May 11, 2010

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The news lately offers no clear picture of where we are in this global recession: employment numbers are up, but so are unemployment numbers; the housing market doesn't seem as bad as it was, but Fannie Mae and Freddie Mac have just requested for another $19 billion in relief; Greece may have avoided a debt crisis, but last week showed the market is still volatile. So, is the economy improving or not? Tuesday morning at 9, join host Dan Moulthrop and local and national economists for answers.

Guests

Mark Schweitzer Sr. Vice-President and Director of Research, Federal Reserve Bank of Cleveland
George Zeller Economic Research Analyst, Cleveland, Ohio
Jim Dunigan Managing Executive for Investments, PNC Wealth Management

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Susan Dean 9:34 AM 5/11/10

I am not an economist but a real life person living in this recession. My opinion has been formed from job fairs, interviews and talking to those that have been laid off or let go. My situation is better but not much. Husband let go april 2009 along with 3 others that were the highest paid. The company has the pick of the litter, therefore we know this company has hired experienced people at lower pay! People out of work. What is happening here is “experience and pay swapping! It’s why the unemployment numbers are not going down. I was laid off July 2009 and haven’t found a job since that time. Why? I have been told that I am not experienced enough...???What? Doing the same job I have had for several years and I am not experienced enough??? I was also told that there are more experienced people that the company is looking at. I am in the advertising business. They are right, ad agencies have laid off many of thier employees, so yes they have experience and the connections that a company may find valuable.

Susan Dean