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Economic News, Data and Analysis

NBER Breaks its Silence

The National Bureau of Economic Research’s business cycle dating committee has broken it’s months of silence to say….
…nothing – except “we need more time…”

The NBER
According to the most recent data, the U.S. economy continues to experience growth in income and output but employment continues to decline. Because of the divergent behavior of various indicators, the NBER’s Business Cycle Dating Committee believes that additional time is needed before interpreting the movements of the economy over the past two years.

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Filed under: Economics, Economy, Recession

One Response - Comments are closed.

  1. Are we or aren’t we?

    NBER still can’t decide if we’re in a recession. See ArgMax. They’re confused because while the GDP is going up, so is unemployment. I guess then the questions is, what’s more important? Do we care about how many McVeggie burgers we can mass-produce? O…

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