[trod123]

Recessions typically are pullbacks of the market sector for 1-2 years, but not necessarily slowdowns in growth, though there is no globally accepted definition for a recession.

Depressions typically have stagnant growth, starting in one sector, and expanding; with no prospects and a duration that can last years (plural). You can have a depression where everyone says they are hiring, but no hiring actually occurs.

Cost of living crises naturally occur during the latter crises given the chaotic nature of deflationary and inflationary forces (money-printing). They are not mutually exclusive.

Payroll data collection has problems with accuracy, people claiming unemployment also have data collection problems. Its not uncommon for the government to withhold unemployment benefit approval until some arbitrary bureacratic requirement is met with no means to contact someone to resolve it timely. I know several people who received their 18 month unemployment effectively as a lump sum and they spent days of labor trying to overcome those hurdles.

This causes a delay of action, and bursts in time (temporally) which cannot be compared except as an average. Revisions are subject to problems too.

[JumpCrisscross]

> Recessions typically are pullbacks of the market sector for 1-2 years, but not necessarily slowdowns in growth, though there is no globally accepted definition for a recession

There absolutely is. A slowdown in growth is not a recession.