A reasonable definition of recession is "you can't find a job", but, not only are we in the middle of a labor shortage, traditional good-economic-times like unionization are ramping up, and people are successfully demanding raises (and some households are voluntarily moving to single incomes).

On the other hand, the stock market is down this year, so if that's your definition, things are dire.

Honestly, this seems like stagflation to me, which has been historically known for breaking the definition of "recession".

Neither side wants to say that out loud, because it implies a decade-plus economic funk.