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A real-time business cycle prediction model indicates that the odds of the current recession lasting into the fourth quarter of 2009 are below 50 percent.
Are we in a recession? The empirical answer is "no."
This brief overview of our current economic situation outlines the most pressing challenges for employment and growth and describes policy changes that would address our current challenges in the U.S. labor market.
Economic researchers have devised alternative methods for tracking recessions.
People believe thata recession is just around the corner becausefar too many myths about recessions have made their way into popular culture.
Economists are so sharp they have predicted eight of the last five recessions, however, may be that they are too slow to call recoveries.
