The White House said Thursday the US is not in a recession and touted unemployment rates and the stock market as proof of a strong economy.
Pre-pandemic unemployment rates in January and February 2020 also were 3.5%.
The Bureau of Labor Statistics estimates that unemployment had risen to 24.9% during the Great Depression in 1933. MAERSK CEO: 'DARK CLOUDS ON THE HORIZON' AMID UKRAINE WAR, EUROPEAN ENERGY CRISIS, POTENTIAL RECESSION "The stock market just finished its biggest month in 40 years," he said. "And even with a little bit fall back on the market yesterday, the market closed yesterday higher than any day, any one day of Donald Trump's four-year presidency."
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