How Do We Know If a Recession Has Started?

29/08/2024 5 min

Listen "How Do We Know If a Recession Has Started?"

Episode Synopsis

How do we know if a recession has started?  Sometimes it’s obvious.  In March 2020 during the pandemic emergency, weekly
applications for unemployment insurance jumped from 200,000 to 6 million.  There was no doubt we were in a recession.
More often, it’s hard to know if a recession has begun.
Ag Economist, Larry Deboer, explains.