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Is the US in an economic recession?

In: Economics [Edit categories]

Answer:

If the U.S. economy has negative growth for two consecutive quarters, it is technically
considered a beginning of a recession. In addition if we have an economic recovery without new job growth, this situation has a severe impact of the economy.

First answer by Brave3. Last edit by Donaldortega. Contributor trust: 9 [recommend contributor ]. Question popularity: 18 [Recommended].

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Relevant answers:

What is the economic of US?
it is improving
Why is the US in the recession?
Due to a variety of factors... Some of the reasons for this crisis are: 1. The US Real estate market crash 2. High default rates on Subprime loans & 3. Subprime Mortgage backed securities
Is US out of the recession?
no its not, its borderline depression
What is meant by economic recession?
Recession means decrease in the employment rate, investment rate and profit rate of the economy... if the recession period increase then this will be called depression.
What kind of economic system do you have in the US?
The government has many social programs that take from the "rich" and give to the potential voters. We have Social Security, welfare, Medicare, medicaid, AFDC, all "socialist" in theory. Therefore,...