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The NBER officially calls U.S. recessions, and data from Bank of America shows why this group won't be in a rush to declare the U.S. economy in recession.
The yield curve disinverted this week, suggesting an economic recession may be near. Historically, yield curve disinversions have preceded every economic recession since 1976.
Typically, a recession is defined by a decline in economic activity that lasts more than a few months, the NBER says. But the U.S. economy is still chugging along, with second-quarter GDP growing ...
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.
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An estimated $27 billion of the increase was due to the $600/week increase in unemployment benefits due to the CARES Act. [20] On May 20, 2021, the Labor Department reported that there had been only 444,000 unemployment claims during the previous week, the lowest number since the beginning of the pandemic. [21]
The economy continues to go Biden's way. The missing link: Voters aren't giving him credit.
Google Maps' location tracking is regarded by some as a threat to users' privacy, with Dylan Tweney of VentureBeat writing in August 2014 that "Google is probably logging your location, step by step, via Google Maps", and linked users to Google's location history map, which "lets you see the path you've traced for any given day that your ...