U.S. Recession: Just A Technicality? [Infographic]
When the U.S. recorded two consecutive quarters of negative growth in Q1 and Q2 of 2022, the Biden administration was quick to point out that this does not necessarily constitute a recession by official definition. While the stance is unsatisfying, government analysts might have a point.
U.S. job growth seen slowing in July; but far from recession levels
U.S. job growth likely slowed in July, but the pace was probably strong enough to keep the unemployment rate at 3.6% for a fifth straight month, offering the strongest evidence yet that the economy was not in recession.