How The Experts Are Measuring The Economic Recovery

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FiveThirtyEight reports: “In early June, the National Bureau of Economic Research made it official: The United States was in a full-blown recession. Joblessness had risen to historic levels, total production was down, and industrial activity slowed to a crawl. Just like that, the COVID-19 pandemic had extinguished the longest period of expansion in U.S. history.”
“Ever since the signs of recovery have been confusingly mixed — unemployment has improved more quickly than expected and the stock market has shown surprising resilience, but other indicators have looked much worse.”
 

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