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>the NBER defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real

• eigen 4y ago
  > "a significant decline in economic activity spread across the economy, lasting more than a few months, > real GDP > real income real income is down ~1% since Sept 2020 or Sept 2021 [1]. hardly seems like a "significant decline". > employment employment has increased since Sept 2020 or Sept 2021 [2] and infact has been steadily increasing since April 2020. > industrial production industrial production has increased since Sept 2020 or Sept 2021 [3] and infact has been steadily increasing since April 2020. > wholesale-retail sales retail sales has increased since Sept 2020 or Sept 2021 [4] and infact has been steadily increasing since April 2020. so 1 of 5 indicators shows significant decline, 1 shows minor decline, 3 show increase. [1] https://fred.stlouisfed.org/series/RPI https://fred.stlouisfed.org/series/RPI [2] https://fred.stlouisfed.org/series/PAYEMS https://fred.stlouisfed.org/series/PAYEMS [3] https://fred.stlouisfed.org/series/INDPRO https://fred.stlouisfed.org/series/INDPRO [4] https://fred.stlouisfed.org/series/RSXFS https://fred.stlouisfed.org/series/RSXFS