While economists debate definitions and indicators, W Hotel doorman Matt Geiger in Chicago’s Loop is among those who say there's no question the country is in a recession.
“Nobody wants to use the R word,” Geiger said. “But we’re in it.”
The Commerce Department released a report Thursday that showed consumer spending—the principal pillar of the U.S. economy—was flat in December. Consumers held back even though disposable income was up slightly for the first time since September.
Some in the service industry say they have noticed.
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