Is the U.S. 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.” We look at past recessions and indicators to explain how a recession in 2020 could be very different.
Read more about this “jobful downturn” on The Wall Street Journal: https://www.wsj.com/articles/recessio...
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#Recession #Economy #WSJShow less
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.” We look at past recessions and indicators to explain how a recession in 2020 could be very different.
Read more about this “jobful downturn” on The Wall Street Journal: https://www.wsj.com/articles/recessio...
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#Recession #Economy #WSJShow less
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Francisco Gimeno - BC Analyst Governments have already accepted that inflation is here for longer than they thought (although normal citizens could just see from supermarket's prices). Now the possibility of a recession is even stronger. But how big, for how long and in which way is going to develop? We can't do anything except planning for the worse to take care of ourselves and also to try and swim the strong currents. an interesting idea on how the recession would evolve and how different could be from other past recession, mainly in the job field area. Any recession by nature produce high unemployment and an economic fall. But WJS speak about "jobful downturn" observing that by now unemployment in general is not becoming high although economic output is falling. You want to know more? Watch the podcast.