BREAKING: US recession began in February, economists' group declares, ending longest expansion on record.
WASHINGTON — The U.S. economy entered a recession in February, a group of economists declared Monday, ending the longest expansion on record. The economists said employment peaked in February and fell sharply afterward, marking the beginning of the recession.
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The U.S. entered a recession in February, according to the official economic arbiter'The unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy, warrants the designation of this episode as a recession,' the NBER said.
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