• gowan@reddthat.com
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    1 year ago

    That’s not the complication. What has made the NBER unwilling to label this a recession up to now was the job numbers. You can’t be in a recession if everyone can easily get a job. Now that the job numbers are declining and layoffs are going on they will likely declare it a recession.

    • Heresy_generator@kbin.social
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      1 year ago

      Not while the economy has been expanding for the last 4 quarters and shows no signs of contraction in this quarter or next they won’t.