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The Resource How Well Does Employment Predict Output?

How Well Does Employment Predict Output?

Label
How Well Does Employment Predict Output?
Title
How Well Does Employment Predict Output?
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Summary
Economists, policymakers, and financial market analysts typically pay close attention to aggregate employment trends because employment is thought to be an important indicator of macroeconomic conditions. One difficulty is that there are two separate surveys of employment, which can diverge widely from one another, as the previous and current economic expansions demonstrate. The conventional wisdom is that, for assessing economic conditions, the survey that counts the number of jobs (establishment survey) is preferable to the survey that counts the number of people employed (household survey). However, results from a one-quarter-ahead forecasting exercise presented in this paper suggest that analysts should question whether employment is a useful indicator for predicting output growth
http://library.link/vocab/creatorName
  • Kliesen, Kevin L
  • Inter-university Consortium for Political and Social Research [distributor]
Label
How Well Does Employment Predict Output?
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Publication
Note
20963
Control code
ICPSR20963.v1
Governing access note
Access restricted to subscribing institutions
Label
How Well Does Employment Predict Output?
Publication
Note
20963
Control code
ICPSR20963.v1
Governing access note
Access restricted to subscribing institutions

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