US GDP may fall again in Q2. Does it mean recession?
A Hiring sign is pictured at a McDonald's restaurant in Garden Grove, California on July 8, 2022. The US economy added far more jobs than expected in June and wages rose, adding fuel to worries about accelerating inflation, but giving President Joe Biden a reason to cheer. Biden has seen his approval ratings plummet as Americans face the worst inflation surge in more than 40 years, but after the latest data Friday, he underscored the rapid jobs recovery in the wake of the pandemic. (Photo by Robyn BECK / AFP)