At what point do employment declines translate to a recession?

Baum, Caroline
July 2008
Las Vegas Business Press (10712186);7/14/2008, Vol. 25 Issue 28, pP27
The article reports on the deterioration of the labor market in the U.S. It notes that initial jobless claims breached the 400,000 mark in July 2008, a level consistent with the onset of past recessions. According to economist Ian Shepherdson, labor demand is declining with both the help-wanted index and the net hiring of temporary workers, hitting new lows in 2008.


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