Employment Estimates in the Run-Up to the 2001 Recession
Professor of Public Affairs and Economics at the University of Wisconsin • The latest vintage says March 2000 NFP employment growth (one year before the recession) was 467,000, and 4.6% m/m annualized (in log terms).
Figure 1: Nonfarm payroll employment, 000’s s.a., various vintages. NBER defined recession dates shaded gray.
The latest vintage says March 2000 NFP employment growth (one year before the recession) was 467,000, and 4.6% m/m annualized (in log terms).
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