That’s your definition, not “the definition.” The highest authority on this matter is the NBER. Their definition is pasted, below. I don’t see a significant de

That’s your definition, not “the definition.” The highest authority on this matter is the NBER. Their definition is pasted, below. I don’t see a significant decline and so far it has not impacted employment. We’re still adding a quarter million net jobs each month. “A significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”