Research from CNBC's Steve Liesman indicates that during a typical downturn, the employment picture would be far gloomier, losing ground instead of gaining. Several charts presented during Wednesday's"The CNBC team looked at economic data going back to 1947. It indicated that when gross domestic product has been negative for six months, as is the case for 2022, payrolls fall by an average of a half a percentage point. But this year, the job count actually has increased by 1%.
One data point the central bank's researchers looked at was real personal consumption expenditures. They found that consumption generally declined during recessions. By contrast, the measure increased during the first half of 2022. Even with the other evidence suggesting otherwise, many commentators have focused on the traditional definition of recession as being two straight quarters of negative GDP growth. The first quarter declined 1.6%, and the
Dems are taking a holistic approach in redefining a number of 'obsolete' terms: Recession Corruption Insurrection Pedophilia Grooming Male/female Violence Communism Racism Starvation Oppression Patriotism Protesting Indoctrination Basic rights Border Legal immigration Justice
You guys are a clown show.
Things are worse today than there were during the Jimmy Carter era.
Another case of nothing to see here. Joe Biden is doing great by media outlets.
Stop it you Pravda wannabe
Man, y'all are working hard to cover for Biden. Once again trying to redefine a recession.
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