We are already in recession by most accounts as I said on this blog yesterday. But, today I went back and looked at some of the historical employment data to see what the data said about Employment and recessions. What I was able to find out is that Employment is indeed a coincident to lagging indicator of recession.
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Recession: How Long and How Deep?
Posted by Edward Harrison in Monday, March 10th 2008
10
Mar
Mar
The Economy Is Definitely In Recession
Posted by Edward Harrison in Sunday, March 9th 2008
9
Mar
Mar
The common layman’s definition of recession is two consecutive quarters of negative real GDP growth, meaning 6 months in which the economy contracts. But, the National Bureau of Economic Research (NBER) uses the collective wisdom of its trusted economists on the Business Cycle Dating Committee to make a determination based on a number of factors.
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