05/06/2021

Still no Recession End Date as U.S. Economy Hums Along

In March, the economy added more than 900,000 jobs

The U.S. economy is growing at its fastest rate since the early 1980s while household bank accounts are bulging with cash doled out by the federal government to blunt the impact of the coronavirus (COVID-19) pandemic.

More than 900,000 jobs were added in March and a Reuters poll of economists expectsjust under one million more for April, although some forecasters expect double that gain. Is the United States still in recession?

Common sense and a lot of data say no, but the Business Cycle Dating Committee, a panel organized by the National Bureau of Economic Research that acts as the official arbiter of U.S. recessions, has not yet pinned down an end date for the contraction it said started after February 2020, around the onset of the pandemic.

Please select this link to read the complete article from Reuters.