These people say all kinds of stupid crap. The official definition requires two sequential quarters of positive growth before a recession is declared OVER. that hasn’t happened yet. We haven’t even had one quarter of positive growth yet.
But then, the official definition requires two sequential quarters of negative growth BEFORE we are in a recession. The idiots were saying we were in a recession before that happened.
I think they are all jumping the gun trying to be first to make the declaration. And in doing so they are not even meeting the official definitions.
Well, people didn’t raise much of a fuss when they claimed a recession during Bush’s watch with 5% unemployment before there was even one quarter of negative growth so the Leftist shills apparently believe they can claim a recovery with no quarters of positive growth and a 10% unemployment rate.