Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Takket

(23,747 posts)

4. Recession? Are there massive layoffs?

Reply to 867-5309. (Original post)

Sat Jul 23, 2022, 11:16 PM

Jul 2022

Everyone is working, theaters are packed, vacation spots are packed, stadiums are packed......... people aren't just working they are spending billions on entertainment and things they normally would not in a recession.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

14 replies

= new reply since forum marked as read

Highlight:

The White House is pointing out that the US isn't really in a recession [View all] 867-5309. Jul 2022 OP

'Much more nuance' required, but NUANCE doesn't get far in today's media. elleng Jul 2022 #1

The traditional idea of a "recession" isn't applicable here. This is a unique situation. PSPS Jul 2022 #2

Recession with 3.6% unemployment and every business has a help wanted sign? doc03 Jul 2022 #3

THIS !!!! ☝🏾☝🏾☝🏾 uponit7771 Jul 2022 #6

Recession? Are there massive layoffs? Takket Jul 2022 #4

Yep. Everywhere I look I see people spending money hand over fist.Sure doesn't seem like a recession Walleye Jul 2022 #7

Why would the GDP numbers show negative growth then? MichMan Jul 2022 #10

I don't know about that. But I've lived through recessions before and this doesn't feel like one Walleye Jul 2022 #11

GDP figures are inflation-adjusted FBaggins Jul 2022 #14

Interesting Tea Leaf Reading robodruid1 Jul 2022 #5

Two straight quarters of economic contraction is the definition of a recession. former9thward Jul 2022 #8

The Big 3 and some auto suppliers are planning layoffs as well DetroitLegalBeagle Jul 2022 #9

It seems car sales are off because of lack doc03 Jul 2022 #13

Apparently the loses there are matched by gains doc03 Jul 2022 #12