In the coming months, economists will be closely watching employment figures as a possible indicator of whether the economy is in a recession.
That’s according to Dave Clark, executive associate dean and professor of economics at Marquette University.
In a recent interview, he noted the past two quarters of declining real GDP would typically suggest the country is moving into a recession. But the National Bureau of Economic Research, which officially decides whether or not a recession is occurring, is “pretty careful” about making that call, Clark said.
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