Does the Unemployment Rate Indicate We're in a Recession?

A recession:

It's already as deep in the unemployment metric as the 1980 recession. If I remember correctly, back then Marty Feldstein led the Business Cycle Dating Committee and called the recession before the 1980 election.

It will be interesting to see what Bob Hall's BCDC does this time...

Comments

[woodsey:]

Recession? Certainly.

2008 Sep 07 03:22 PM