Shortest recession in HISTORY.

[KoalaCorp]

Were we even declared IN a Recession?

 

[Toddsterpatriot]

Were we even declared IN a Recession?

Not yet. But we are. Seriously.

 

[KoalaCorp]

Sad to see such complete denial from those Trumpeteers.
They will get a VERY Rude awakening come November.

 

[flack]

Were we even declared IN a Recession?

No

 

[meaner gene]

V recovery, just like we said, liberals.


So so so sorry about the bad news.


No 20% unemployment, no decade to recover.

Isn’t it wonderful? Aren’t you happy for the country, Democrats, liberals, and left wing lunatics?

Ex-acting Labor secretary defends BLS in the wake of jobs report misclassification error | CNN Politics

The former acting head of the Labor Department under the Obama administration said he believes a "misclassification error" in the May jobs report, which may place the real unemployment rate higher than the one touted by President Donald Trump, was not done intentionally to make the White House...

www.cnn.com

BLS, however, noted its data collectors — for the third month in a row — misclassified some workers as "employed not at work," when they should have been classified as "unemployed on temporary layoff."
Barring that issue, the unemployment rate could have been as high as 19.2% in April and 16.1% in May, not including seasonal adjustments, the BLS said.

 

[meaner gene]

Were we even declared IN a Recession?

No

That's just like George Floyd was dead at the scene, but wasn't pronounced dead until after they got him to the hospital.

We know the economy was in recession (the definition adopted by the NBER that replaced the previous two quarter rule) that the recession starts at the peak of GDP, and ends as GDP bottoms out, and starts back up again.