What defines a recession and who decides that we're in one?

After US GDP (gross home product) contracted by 0.3% successful 2025's archetypal quarter, shrinking much than expected, galore Americans are near wondering what precisely defines a recession.

Yahoo Finance elder newsman Allie Canal outlines however the National Bureau of Economic Research (NBER) makes the telephone connected identifying a recession and the economical metrics they survey to corroborate recessionary periods.

Also drawback Allie Canal's sum of April employment trends for authorities agencies and different industries.

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