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by SantalBlush
1266 days ago
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>The unemployment part can't indicate current state either Yes, it can. Nonfarm payroll employment--along with GDP--is one of the key measures used by the NBER in their determination of whether or not we're in a recession, so it is by definition a current indicator. You are stating that it's not a sufficient indicator in determining a recession, which is correct, but that's not what I was saying anyway. Unemployment is absolutely a relevant measure here, and you are wrong. |
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