3 Reasons We Are Now Closer To A Recession

                                                                                         

Here are the three main and very big reason as of Friday 6/6 our nation is now much closer to a recession then people first thought possible. I personally heard so many people say ack whatever, we won't get to the point of a recession. Well I think not only may we, I strongly think it is right around the corner.

UNEMPLOYMENT: The nation's jobless rate hit 5.5 percent in May, the biggest one-month jump since 1986.

OIL: Prices shot up on Friday 6/6 almost $11.00 a barrel, the biggest one-day rise in history, to nearly $139.00

STOCKS: The Dow lost nearly 400 points on Friday. Other market indexes also tanked.

Which means several things, one they say being more record gas prices by the Fourth of July.

The takeaway for ordinary Americans is this: Already facing high energy prices, weak income growth and rising prices at the grocery store, they can add job insecurity and recession to their list of economic concerns.

About the author:
Written by: Laurie Leonard

My homepage http://everythingdaze.blogspot.com


Article Source: http://www.Free-Articles-Zone.com