Is the US Already in Recession? Depends on your definition, but we can say is that the US commentariat seems to finally be catching with the lived experience of many who have been seeing rising prices and anaemic job growth for more than a year - and in some sectors, more than 2. Employers reshaping their workforce is both an output and input to this economic macro, so we need to be prepared for the long haul. Incidentally,
George LaRocque writes an important piece on how to interpretation economic data, a welcome defence of the now much maligned BLS and worth a read for this alone, but also because of the citation of alternative and complementary data sources.
Not easy stuff, but education for us all.