The K-shaped economy is back in full force

A woman walks with a Louis Vuitton shopping bag on April 17. (Abdul Saboor/Reuters)

As the dust settles on a wild few days for the U.S. economy, it’s worth remembering this: Big downward revisions to job data typically occur during recessions (or on the precipice of one). In a downturn, the models basically can’t keep up with how quickly the situation is deteriorating. PAID PROMOTED STORIES