Economics . a period of an econore·ces·sion
1 [ri-sesh-uhn] noun
1.the act of receding or withdrawing.
2.a receding part of a wall, building, etc.
3.a withdrawing procession, as at the end of a religious service.
I personally think this is more than a recession. This is horrible for all the people out of work who would take any job offered - IF it were offered. Those of you with a job -KEEP it, because they have-nots will gladly take your place.