ECB’s Lane: If there is a recession underway, it is at the mild end


Greg Michalowski

ECBs Lane

ECBs Lane:

The US and Canada jobs reports this morning help to paint the same employment picture in each country. How can you have a recession with Unemployment rates near historic low levels.

The confusing part of it is at the same time that there are the headlines of layoffs especially at the big cap, the overall picture is still strong.

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