A group of economists says the recession ended more than a year ago.
But despite this declaration, the pain of unemployment still plagues many people in northeast
David Seagly is one of them. He got laid off last year. When that happened, he had to leave
“It’s very frightening to lose your job,” said Seagly. “The frustration is just trying to find a new one.”
Seagly had worked as a librarian. Now, he's looking for another job, but so far nothing has worked out. His circumstances make him doubt the recession is over.
“For me personally and, I think, for a lot of others, I don’t think that the recession really is over,” said Seagly.
David Hefty, CEO of Hefty Wealth Partners in
“The pain and suffering from the last recession is actually the same as it was at the deepest point or, in some cases, getting worse,” said Hefty.
Hefty warns a double-dip recession is likely as the economy's growth continues to slow, and as the country weans itself off government stimulus spending.
“It's going to be a long road ahead of us,” said Hefty.
It’s a long and painful road for Lucius Hutchinson. He lost his job a few months ago.
“I’m struggling to keep my apartment right now,” said
Hearing the recession is over isn't very comforting.
“The experts who are saying the recession’s over is the ones who aren’t out here struggling to get a job, who aren’t out here struggling to pay their bills,” said Hutchinson.
“The recession's not over,” said