What Happens in a Recession? Stocks, Jobs and EVERYTHING You Need to Know



The U.S. is heading for a recession. How do you survive? The ultimate guide to recessions, what they are and what happens. ? Get the FREE weekly email newsletter sharing market updates, trends and the most important news!

In this video, I’ll give you a complete guide to what happens in a recession from the definition and what causes recessions to jobs lost, how to survive and investing in stocks. I’ll leave a clickable index in the description if you want to jump to your recession question.

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More than just the definition of a recession though is how these make us FEEL on an emotional level…the sense of hopelessness and terror in the uncertainty, that I’m trying to relate in the video.

Recessions are officially identified by the National Bureau of Economic Research or NBER and while most economists go by the rule of thumb that any two quarters of falling economic activity is a recession , the NBER has never adopted the rule. Instead, the NBER defines a recession more broadly.

It turns out, there’s really just three big causes for recessions over the last 70 years; economic policy mistakes by the Federal Reserve, oil price shocks and financial bubbles. The good news is that over the last 70 years, recessions have been fairly short, lasting only 11 months on average.

On average, the economy has fallen by 2.1% in the last 11 recessions back to World War II but just like recession length, that hides a scarier potential in individual recessions. Some recessions are fairly meek like the 2001 recession that saw the economy lower by less than half a percent and job losses mostly in the IT space. Others, like the Great Recession starting in 2007 were much worse with the economy falling a full 4% and eight million Americans put out of work. In a 2010 study by Harvard Business Review, through the 1980, ’90 and 2000 recessions; 17% of 4,700 public companies either went bankrupt, were taken private or acquired. During the Great Recession, more than 2.1 million Americans were laid off in 2009 alone and six million before that in 2008.

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0:00 What Happens in a Recession
1:15 What is a Recession?
2:40 What Causes a Recession?
4:20 How Long do Recessions Last?
5:04 How Far Does the Economy Fall in a Recession?
5:46 How Many Jobs are Lost in the Average Recession?
6:15 What is the Unemployment Rate in a Recession?
6:40 What are the Safe Jobs in a Recession?
7:43 Recession vs Depression: What is the Difference?
8:23 Is the U.S. in a Recession?
9:36 How to Survive a Recession
10:40 Is My Job Safe in a Recession?
12:20 How to Make Money in a Recession
12:55 Buying a House During a Recession
14:54 How to Invest During a Recession

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

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41 thoughts on “What Happens in a Recession? Stocks, Jobs and EVERYTHING You Need to Know”

  1. Hi ,Joseph
    I am writing this message to you because I follow the news channel on YouTube. I'd love to see a video on stocks with potential in energy companies. It had a small uptick last week and given the growing demand for these sectors, I think many will perform in the coming period or years.
    Thanks for the good content! ✌️

  2. I started saving in November 2021, and now have about 6 months of emergency funds for my whole family of 4 people (+ they have some funds themselves too). Fingers crossed, I won't have to eat grass anytime soon and still have money left to buy stocks or ETFs.

  3. Joe thinking of putting 50k in a combination of thr 4 Global x Qyld, Ryld, Xyld and the cannabis covered call, and anoter 58k to 106k depending on 50 to 100 a week, were I combined your 2 weekly payments, Joe everyone's hiring the (however ) restaurants are slow here I'm South Fl ( not bragging use to have a growth port loaded with loaded Mutual funds.

  4. This slow down has been caused by a unique set of circumstances that we have not experienced before so trying to predict what's going to happen is impossible. I think the fed raising rates back up to "normal" levels is a good thing. 7 to 9% mortgages was the norm for a long time. Banks make money, people are more responsible with credit, and people can actually put money in a savings account and earn interest. I think this will turn out fine in the long run as long as our government doesn't collapse, which could happen with the current idiots running the show.

  5. Could you do a video recapping some of the recent earnings? You’ve mentioned TDOC before, wanted to hear your thoughts after yesterdays poor earnings. Thanks!

  6. I keep reading about people grabbing multi-digit income in investments every month, even in these crazy days in the market, any pointers on how to make substantial progress in income? I would appreciate. The cost of living at this time is getting really high.??I really need good ways to increase my finance

  7. "Less educated workers are more likely to become unemployed"

    I mean….. Yeah.

    ALso, I will strangle the next youtube financial expert that refers to "Cappuccinos" or "starbucks" coffees.

    What do y'all think we're doing, spending 25 bucks everyday on freaking coffee?? Seriously, ever single one of you with the pricy coffee examples.

    I've last bought a coffee from a coffee shop in 20..effing.. 17.

    People who save up and invest dont splurge on coffee.

  8. Ya know based on previous videos you put out Joseph, I had a funny feeling today's 4% raise in the NASDAQ and the news from the Fed wasn't the full story to the economy. The other side of it had me more concerned. Great video! Keep putting them out!

  9. I got a good one from you Joseph abbv keep the good work bullet proof lol we have to think out side the Box I think we go deeper than 2008 perhaps George bush the old man

  10. Job loss for the lower jobs and not the higher jobs I think is wrong this time around, every company around me is laying off high ranking long term employees ( like 3 and 4th in command at the company) but still need bottom customer facing positions in high numbers.
    High paying high education jobs are being fired more than lower jobs.
    Btw most of these are financial jobs but I also know health care and tech companies doing the same

  11. we are in a recession I don't understand why they keep trying to sweep it under the rug , a year ago this month my electric bill was $230 my bill this year is $418 ??

  12. Everything the Fed does is on purpose. The double mandate of employment and inflation exists only to create a plausible explanation for the lower class. The Fed’s purpose is to grow a crop of wealth and periodically harvest said crop for the upper class. We must learn to scrape up their leavings

  13. Never change joe. You are one of the very few youtubers out here That gives out incredibly solid financial advice for free without any frills, unnecessary details, Or advertisements. You have educated me in finance in so many ways and I just want to say thank you.

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