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Recession Fear - What Should the Headlines Say?
The labor market is a much better indicator of where the economy's health stands. With a very low unemployment rate, very vigorous hiring, it's just not quite right to say you're in recession today. We'd have to see a radical change in labor market dynamics to land you in recession in the current year. If you ask CFOs around the country, what is your outlook on the economy, you get record low prints. It's a bismol mood.