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Here’s What the Six Key Official Indicators of US Recession Show

  • The NBER looks at monthly indicators to determine a downturn
  • Nonfarm payrolls have been a particular bright spot this year
Bloomberg business news
Biden on Recent Data: Doesn't Sound Like Recession to Me

The official arbiters of US recessions look at six monthly indicators in determining whether the nation is indeed in a downturn -- and they’re not flashing red. 

The National Bureau of Economic Research’s business-cycle dating committee rejects the notion that two negative quarters of gross domestic product is the definition of a recession. Instead, it looks at indicators ranging from consumption to jobs to industrial activity.