Washington Post: The labor market — a pillar of economic resilience — has led to a “rolling recession,” where parts of the economy, such as housing or manufacturing, take turns contracting, according to Sung Won Sohn, professor of finance and economics at Loyola Marymount University in Los Angeles. The end result is positive, but subpar, growth. “The strong and healthy job market is one of the reasons we’re not seeing every sector declining simultaneously as we do in a classical recession,” he said. “That is the bedrock of the economy that’s enabled a more moderate rolling recession.
Source: Washington Post
Sharp Economic Slowdown Triggers New Recession Fears
