The more relevant variable isn't employment rate but GDP. We have a shrinking GD... | Hacker News

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		TimPC on May 6, 2022 \| parent \| context \| favorite \| on: The Case for Higher Rates The more relevant variable isn't employment rate but GDP. We have a shrinking GDP which is the definition of a recession.

flunhat on May 6, 2022 [–]

Shrinking GDP over a sustained period of time would be more accurate. GDP has decreased in past quarters even when there wasn't a recession, most recently in 2014.

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