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Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong

Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.

Ben Casselman
Author: Ben Casselman

Written by

Ben Casselman

in

Coronavirus (2019-nCoV), Economics (Theory and Philosophy), Hiring and Promotion, Labor and Jobs, Layoffs and Job Reductions, Recession and Depression, Unemployment, United States Economy
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