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Why a 2022 Recession Would Be Unlike Any Other | WSJ

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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: https://www.wsj.com/articles/recession-economy-unemployment-jobs-11656947596

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41 Comments

  1. Most people do not know that trading is the best step to growing more income and generate wealth. I realized this after came across Mrs Patricia blua

  2. "a recession unlike other", might be easier than said. Definitely millions and millions people have learnt much within the last three than learning the last three decades. Blaming the on going war  between Russia and Ukraine for most of the negative loads on country output or GDP will only make things worse. So far the blaming hasn't stopped and nothing is getting done and this makes it even to be more worse than expected

  3. I hate when they blame the labor participation rate on retiring baby-boomers. The BB generation is 70M. The millennial generation is 72M (youngest in 26yo) and Gen Z is 68M. Add to that immigration, and we should easily be replacing retired workers.

  4. All caused by stagnant wages and corporate greed! If we cared more about the worker instead of the shareholder we would all be better off! We need to ditch all of Friedman’s economic thought!

  5. What I think will happen: Old people will get poor, young people will get rich. There will be a shortage of primary needs, electricity, food, gas because the money will go to young people who spend the majority of their money on useless stuff because they have too much income in the month. The wealth will shift from the old generation to the young generation. So of the old people, only the rich old people will have it good, the poor old people will get a very though time.

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  7. I see 2-3yrs recession. Fed will raise interests in Sept 2022 if inflation doesn't peak. Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

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  14. One major factor was left out is that we are seeing global inflation. I saw it in the news that most countries are all competing for parts , products food etc. Even nations that managed their rates better are seeing major issues. The glut of money was an issue sure, but the surging demand from nation that re-opened from covid lockdowns played a larger role. Add to this pandemic-related staffing issues and the intentional global oil supply problems and its a nightmare. I known the intention was to explain inflation but that doesn't do justice to the current inflation on a global scale.

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  16. The difference lies in the 6 trillion dollar deficit spending of Biden and the Democrats that in 10 years will become 14.6 trillion dollars that everybody in the U.S. will one day end up paying. This is creating a worldwide recession/depression because the Federal Government is spending all of the Worlds reserves today. Thus inflation skyrockets, thus the world becomes a lot poorer. Jobs are rising because for 2+ years there was a home quarantine law that prohibited going to work. So the "employment forecast" is flawed, because it only shows people returning to work, not people actually getting new or better jobs.

  17. 2024 probably sometime around the middle towards the end of the year is going to start to look a lot like 2007 and that's going to cause a transfer of power and that's going to cause the economy to temporarily Spike but it's going to be a superficial Spike and that's actually going to cause inflation to bust

  18. they're going to be two things that's going to determine if we're going to end up heading into a full reception at the end of 2023 or the beginning of 2024 and that's first off in China the market for housing and a lot of people are defaulting on mortgage loans and number two the trucking industry believe it or not that's going to have a huge effect on the economy in the next year and a half

  19. another big purchase people are going to make is they're going to travel a lot however this will probably lead to the spread of more viral diseases so then that's going to cap off around the winter of 2023 and spring of 2024 especially considering that we are going to be nearing an election cycle in the next year for presidential elections so that's also going to have an effect on the economy they're probably going to have a transfer power here in the next 2 years

  20. people are going to start thinking long-term and are going to be making a large purchases such as cars homes land Etc and it's going to not be as big of a bump to the economy as many economists are hoping considering that a lot of people are going to be working inflation will probably continue to rise especially since there is no near end in sight with the whole rusher Ukraine thing and gas prices are probably going to start going down but inflation for most food products are going to continue to go up and probably cap off at the end of 2023

  21. this will automatically lead to recession because people are going to be spending because of the fact that they've been hired however people are going to save more than they are spending so that's going to stymie progression

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