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Should We Classify GDP Recessions and Jobs Recessions Separately?

2 点作者 bengebre大约 15 年前

2 条评论

btilly大约 15 年前
The job numbers can readily be understood as the combination of GDP with an accelerating long-term trend towards concentrating economic production in a small portion of the population, and wealth in an even smaller portion. When you combine trends the job numbers are going to look significantly worse than GDP.
评论 #1161862 未加载
bengebre大约 15 年前
In short: Do we need a modified definition of recession if our current definition doesn't address the nature of recent recessions?