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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (853620)5/2/2015 12:55:52 PM
From: tejek  Read Replies (1) of 1577029
 
If the economy is growing, the unemployment rate is steadily dropping AND (unlike in the US as a whole) the labor force is growing, then the recession is over. (Which is not the same as saying everything is ok, only that the economy is moving forward rather then regressing.)

That's not the official definition of an expanding economy. For an example unemployment can be dropping because people are leaving the work force because there is no job growth, or can be increasing because people are re entering the labor force because the economy is growing again. That's why economists rely on GDP growth to determine economic expansion. I thought you had an MBA.
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