Monday 18 July 2022

Why a 2022 Recession Would Be Unlike Any Other

Youtube shows the story from Wall Street Journal.

Is the USA in a recession? Many economists think that’s a possibility and by some measurements, it may have already started. But why aren’t people losing their jobs?

Recessions usually come with a dip in economic output and a rise in unemployment. Right now, economic output is falling. But so is unemployment. WSJ’s Jon Hilsenrath has coined it a "jobful downturn." Wall Street Journal looks at past recessions and indicators to explain how a recession in 2020 could be very different.

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