Tuesday, December 16, 2008

The Peak

NBER calls the peak. Again, they peg the peak of the cycle to the peak of the employment series.

Some reports are suggesting all of 2009 will be slow. If that is the case, this will be the longest recession since the depression. it remains to be seen if it is the deepest. I guess the business cycle is alive and well. Here is the employment series for the region.

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