We cringe when we hear the Treasury Secretary or a regional Fed bank president dismiss the possibility of recession on the basis of “low unemployment and strong job gains.” Those measures are as “laggy” as any economic statistics the government publishes.
Aug
05
2022
Job Market Suddenly “Laboring”
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Labor Market Leading Economic Indicators Initial Unemployment Claims Average Hourly Workweek Rates-of-Change Nonfarm Payroll Employment Household Survey Employment Consumer Confidence Recession IndicatorsLogin
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