How can the US be in a recession when jobs are growing at a healthy pace? According to the National Bureau of Economic Research, two straight quarters of declining real gross domestic product is enough for a recession. The Bureau of Economic Analysis (BEA) reported just that – real GDP contracted at an annual rate of 1.6% in the first quarter and 0.9% in the second.
But a host of stats suggest the economy is still growing, not least last week’s robust jobs report and jobless rate. While the Conference Board’s leading economic indicator suggests a mild recession may be imminent, it reports, “The consensus economic index, which rose in June, suggests the economy expanded in the second quarter.”
https://www.wsj.com/articles/recession-fears-may-not-pass-go-bureau-of-economic-analysis-gross-domestic-income-unemployment-11660078141 Recession Fears May Not Pass GO