Yet Another Downward Revision
As predicted here, the “third” estimate of third-quarter U.S. GDP saw yet another downward revision. Recall the “advance” estimate was 2.5% growth, while the “second” estimate was 2.0%. (Translation:...
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Update on the Labor Force Participation Rate
This article is an update on the labor force participation rate (LFPR), adding information through November, 2012. In July I posted a long article about the LFPR. If anything, the situation has gotten...
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