From FoxNews. Here’s a picture of indicators followed by the NBER’s BCDC over the past year. Note that August numbers are mostly up. Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), civilian employment (orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold light green), manufacturing and trade sales in Ch.2017$ (black), … Continue reading EJ Antoni/Heritage Foundation (Aug 5): “I would not be surprised if a recession is backdated to July or the current month”