Employment seems to be growing very slowly, if not shrinking, while output (measured with lots of noise) seems to be rising, into Q3. Would NBER ever determine a recession occurred when GDP was rising?
From USNI:
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers.* A shorter version was published by Project Syndicate.
一切都結束了, 所有都失去咗 or whatever language you want to put it in. Bloomberg: “Trump Says He Has Made His Choice to Lead the Federal Reserve”. As of 8pm CT today:
From ADP via Paweł Skrzypczyński:
Private credit, lending from nonbank financial intermediaries (NBFIs), has been on the rise:
Private NFP continues to be sustained by large firm hiring.
Growth has decelerated by about half a percentage point since Liberation Day.
That’s the title of a new book (Palgrave MacMillan) by Clifford Winston, Senior Nonresident Fellow in Economic Studies at Brookings.
EJ Antoni, formerly nominated to be BLS Commissioner, says so at 5:50 on this FoxBusiness clip. True? Kind of. Maybe. Sort of. Well, not quite. Let’s take a look at a time series.