These 16 states are already in a recession

• Sixteen US states' economies contracted between July and October, according to the Philadelphia Fed.
• While some economists believe a recession may come in the next year, the economies of 33 states grew.
• Meanwhile, looking at just the past month, 27 states experienced economic contraction.

The economies of sixteen US states contracted between July and October, even as economists are still betting the US can avoid a recession.