• Peaty@sh.itjust.works
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    1 year ago

    The NBER, who declare recessions, never said there was one because the jobs numbers did not in any way suggest a recession. It’s not just two quarters of negative growth that determine a recession and based on the fact that in Q1&2 it was fairly easy to find work suggested to the NBER that we weren’t in a recession but rather a new an undefined situation.