3 ms·
A recession isn't defined by employment it's defined by two quarters of negative growth, which we've had. Job numbers can be explained by a variety of factors,
by guywithahat 4y ago
A recession isn't defined by employment it's defined by two quarters of negative growth, which we've had. Job numbers can be explained by a variety of factors, in this case likely excessive government spending however as inflation hits that's going to either come to an end or tank the economy (or both)
What is kind of concerning though is the current administration changed the definition of recession, and then instead of calling them out on it we've seen MSM/Tech update to match this and censor any dissent. Wikipedia, for instance, changed the definition for the Biden administration and then locked the page