Why a 2022 Recession Would Be Unlike Any Other | WSJ

The Wall Street Journal
The Wall Street Journal
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Published 2022-07-15
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: www.wsj.com/articles/recession-economy-unemploymen…

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