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If It Walks Like A Recession And Talks Like A Recession, It Must Be A Recession

Posted by Northern Trust in August 3rd 2008  
If It Walks Like A Recession And Talks Like A Recession, It Must Be A Recession Civilian Unemployment Rate : 5.7% in July vs. 5.5% in June; cycle low is 4.4% in March 2007 Payroll Employment : -51,000 in July vs. -51,000 in June, net gain of 26,000 jobs after revisions of payroll estimates for May and June. Hourly earnings : +6 cents to $18.06, 3.4% yoy change vs. 3.4% yoy change in June; cycle high is 4.28% yoy change in Dec. 2006. Household Survey – The civilian unemployment rate increased Read More...

Filed under: Fundamental