All articles tagged with #vibecession
The US economy's strong job data was misleading, as recent revisions by the Bureau of Labor Statistics show about 900,000 fewer jobs created between March 2024 and March 2025, confirming that the economic 'vibes' were accurate despite public perception.
Despite positive economic indicators like low unemployment and controlled inflation, political leaders in democratic countries, including President Biden, are facing challenges from far-right movements. The term "vibecession" has been coined to describe the public's perception of economic recession despite good data. This discontent is fueled by a mix of economic and cultural factors, including regional disparities, crime, immigration, and a longing for traditional values. Biden's strategy to rebuild trust with working-class voters and restore faith in democratic institutions is being tested as both liberals and conservatives feel the country is moving away from their ideals. The political landscape is highly polarized, with each side feeling they are losing ground, complicating efforts to maintain a unified approach to governance.
The US economy continues to grow, but a sense of unease persists, coined as the "vibecession," characterized by stagnant real wages and the impact of inflation on people's economic situation. While some indicators show positive signs, such as increased travel and retail sales, measures like the University of Michigan sentiment index reveal a popular malaise, with inflation being a major concern. For younger generations, the changing work culture, the gig economy, and the challenges posed by AI and the pandemic further complicate economic priorities and create a "passion crisis."