Is the US in a recession? Not yet, but experts think we could be in one soon.

Dec 22 2022 by Business Insider

 
People fill out job applications at the US post office in Garden Grove, CA on Tuesday, January 4, 2022.

Paul Bersebach/MediaNews Group/Orange County Register via Getty Images

The US isn't in a recession at the moment according to different kinds of data. The labor market in the country is still thriving, as seen in monthly nonfarm payroll gains. Real personal income less transfers has also seen monthly gains again after declining.

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