Search results
Results from the WOW.Com Content Network
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.
That may be why there's a rabid interest in projecting when the next recession will come. The benefits of such a call vary. It can help, or hurt, political parties amid an election year.
Notably, recession odds have tumbled since early November 2024. Kalshi betting markets showed a sharp drop from over 50% to just 23% following Donald Trump ‘s election victory.
Texas Governor Greg Abbott and some other politicians initially said renewable energy sources were the cause for the power outages, citing frozen wind turbines as an example of their unreliability. [47] Viral images of a helicopter de-icing a wind turbine said to be in Texas were actually taken in 2015 in Sweden. [48]
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 ...
Sky high inflation. Rising interest rates. Falling home purchases. Analysts are working to digest a host of signals about the state of the U.S. economy, which emerged from a pandemic recession ...
For comparison, the severe 1981-82 recession had a jobs decline of 3.2%. [49] Full-time employment did not regain its pre-crisis level until August 2015. [51] The unemployment rate ("U-3") rose from the pre-recession level of 4.7% in November 2008 to a peak of 10.0% in October 2009, before steadily falling back to the pre-recession level by May ...
Top economist explains why she’s sticking with her recession call—and it’s all about gridlock in Congress on two major bills Paolo Confino February 28, 2024 at 12:44 PM