Examining the Risk of Further Job Losses
ECRI
24-March-2008
February saw the second straight decline in nonfarm payroll jobs spreading fear that a U.S. recession has begun. However, it is a little known fact that two or more consecutive months of payroll job losses are not always accompanied by a recession. ECRI’s analysis looks behind the headline numbers to determine the significance of the declines in payroll employment. Special focus is given to the diffusion of job losses across industries and geographical regions to assess whether a recession entailing job losses is now underway.
This information is excerpted from a full report issued on March 19, 2008 to professional subscribers. For information on how to read the complete story and to subscribe to ECRI's services click this link.