Are we in a recession or not? Some economists believe we are, including Vice President Emeritus at Northwood University Dr. Tim Nash. He says there are plenty of jobs available, but that figure can be deceiving.
“A very impressive list of 50 of the largest companies in the United States, including General Motors and Ford, have either announced layoffs or their intention to start laying people off in the next 2 to 3 months.”
He thinks the final shoe is beginning to drop, and employment and jobs are the last factors to turn negative within a business cycle.
