2.5% from 3%. that is $150 billion in lower business. a double-dip recession let s remember would be extremelyou no see all kinds of job losses to have a recession, and yet for 17 consecutive months we had job growth, tepid, but job growth. then suddenly in august we looked and there was no job growth at all, so that adds to the worry. the economic data are horrible. the weekly jobless claims rose this week. the manufacturing is slack, the retail is slack. consumer spending is down. it gets kind of depressing. jenna: you still think the odds that a double-dip recession won t happen or isn t going to happen. those are the odds you would take. why are you feeling optimistic. reporter: if you could put money into something and had a two out of three chance of being okay won t you do it? economists have accurately predicted three of the last nine recessions. they always are worrying about what can go wrong. second you need to see the big job losses i talked about, and also you
recent recession supposedly ended. jenna: dennis kneale is here with more. reporter: the stock market shrugged that off yesterday when the bad numbers were first reported, you know, i think it s because we ve been so worried about europe was one reason, so they had late help there. more than that, jenna when you bend down so long it looks like up. not only did they say there is a one in three chance of recession, i d take those odds, i d bet against it. they ratcheted down growth from 2.5% from 3%. that is $150 billion in lower business. a double-dip recession let s remember would be extremely rare, and ordinarily you need to see all kinds of job losses to have a recession, and yet for 17 consecutive months we had job growth, tepid, but job growth. then suddenly in august we looked and there was no job growth at all, so that adds to the worry. the economic data are horrible. the weekly jobless claims rose this week. the manufacturing is slack, the retail is slack. consumer