Officially in a recession.
Officially in a recession.
Gee, they finally admitted it.
Hope all those bank execs who dodged the bullet when the Big O took over are breathing easy.
Many define a recession as two consecutive quarters of negative economic growth of GDP.
Not sure how you are defining recession.
ummm no wrote:
Many define a recession as two consecutive quarters of negative economic growth of GDP.
Not sure how you are defining recession.
Yep. No recession yet though it could happen. Manufacturing is in a recession, and that's not good.
Unemployment down to 4.9%
It's hard to take seriously an article that cites anonymous sources.
Flagpole wrote:
ummm no wrote:Many define a recession as two consecutive quarters of negative economic growth of GDP.
Not sure how you are defining recession.
Yep. No recession yet though it could happen. Manufacturing is in a recession, and that's not good.
Manufacturing employment hit a new high in January.
Blah Blah Blah Blah wrote:
Flagpole wrote:Yep. No recession yet though it could happen. Manufacturing is in a recession, and that's not good.
Manufacturing employment hit a new high in January.
True, but that's not what determines recession. Employment numbers are a lagging indicator.