How Would We Know if a State is in a Recession? 

This is a preview. View original post on this site

Since economists already have trouble identifying recessions at the national level, knowing whether a state is in a downturn or not is even more tricky. The Philadelphia Fed has a measure that can help identify state business cycles. 

What is a recession? 

Contrary to conventional wisdom, a recession in the U.S. is not defined by two consecutive quarters of negative GDP growth.  

The NBER business cycle committee determines whether the U.S. economy is in a recession or not. They look at six different economic indicators that include two measures of employment growth, household income, personal consumption, retail sales, and industrial

Read Complete Article


Subscribe to Recruiting Headlines

* indicates required

RECRUITMENT MARKETPLACE


»Employer Branding w/The Muse


»Diversity and Inclusion Job Board


»Free HR Software Advice


»RecTech PR Newswire


»HR Podcast Directory


»Recruiting Newsletters


»HR Tech News


»HR Freelancers


»Jobs with Relocation Assistance


»Diversity Hiring News


»Recruiter Ebooks