A reliable source for recession forecasting is the unemployment rate, which can provide signals for the beginnings and ends of recessions. The unemployment rate model (article link), updated with the March figure, does not signal a recession now, nor does it support Economic Cycle Research Institute’s recent claim that a recession started in July 2012, nor their September 2011 recession call, nor any of their many “follow-up” recession calls since then.
Read the full article: The Unemployment Rate Is Not Signaling a Recession: Update
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