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Economists polled by Reuters had forecast the services PMI declining to 53.8. A PMI reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of the economy.
Most recently, the Sahm Rule, which measures short-term rises in unemployment, triggered its recession red flag in early August. But as many economists will tell you, the US isn't and hasn't been ...
Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms.
Quantitative forecasting models are used to forecast future data as a function of past data. They are appropriate to use when past numerical data is available and when it is reasonable to assume that some of the patterns in the data are expected to continue into the future. These methods are usually applied to short- or intermediate-range ...
Temporary employment has become more prevalent in America due to the rise of the Internet and the gig economy. The "gig economy" is defined as a labor market characterized by the prevalence of short-term contracts or freelance work instead of permanent jobs. [7]
Federal Reserve governor Lisa Cook said Monday it makes sense to lower interest rates more gradually given resilience in the job market and stickier-than-expected inflation, the latest central ...
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