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The puzzling disconnect between production and employment

Por: The Hill Business September 26, 2022

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One of the puzzling economic developments during the first half of 2022 (2022H1) was the sharp disconnect between output and employment growth. Data so far suggest that the economy shrank during 2022H1. Yet, employment growth was during 2022H1. Why are companies so many workers if aggregate production is falling? Is the disconnect mostly the result of measurement errors or is something more structural affecting the U.S. economy? How does the... + full article



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