Will know if it has been officially announced at least for months.

This is because the official arbiter in such matters is the Business Cycle Dating Committee of the National Bureau of Economic Research,

The economy is spread out and lasts for more than a few months.

This could mean a decline in consecutive quarters. In fact, every time since 1948 that GDP has decreased

I hope that the U.S. The economy was in recession during the first half of 2022.

We created a lot of jobs. We had record-low layoffs, we had record-high vacancies.

GDP, a broad measure of economic activity, fell 0.9% on an annualized basis from April to June.

Americans want some degree of clarity in the current complicated economic environment.

Despite being affected by the aftershocks, it is the world's largest economy. Basically healthy.

It usually weighs a lot of data over a period of months before making a determination.

As anticipated, the last few weeks have also seen a rise in jobless claims.

Economists say it is too early to say a recession based on Thursday's data, the biggest reason being that the data could change.

changed from an initial drop of 1.4% to 1.6%, and Thursday's number is only the first of three estimates.