If the U.S. Is in a Recession, It’s a Very Strange One

Wall Street Journal, July 4, 2022–Jon Hilsenrath (subscription)
The U.S. economy has experienced 12 recessions since World War II, and each one included two features: Economic output contracted and unemployment rose. Today, something highly unusual is happening. Economic output fell in the first quarter and signs suggest it did so again in the second.
https://www.wsj.com/articles/recession-economy-unemployment-jobs-11656947596?mod=hp_major_pos1#cxrecs_s