""Most of the private sector of the U.S. economy has not been hiring and/or has been trimming headcount for years,""
""so there is less need to be reactive to further slowing.""
""marks the end of one of the longest earnings recessions on record,""
""an underappreciated story""
The U.S. private sector experienced a prolonged "rolling recession" characterized by reduced hiring and persistent headcount trimming. Recent third-quarter corporate results show revenue beat rates more than double historical averages and median stock earnings growth at its fastest pace since Q3 2021. The S&P 500 collective revenue surprise stands at 2.3% versus a 1.1% norm, signaling firming top-line momentum and stabilizing profits. The data mark an end to an extended earnings recession and suggest continued momentum into 2026. April is identified as an economic inflection point tied to major policy announcements that helped reset the cycle.
Read at Fortune
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