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Not only does a decreased rate job losses fail to indicate things are getting better, it also fails to indicate a "shift in the economy" (as the headline claims
by dmlorenzetti 17y ago
Not only does a decreased rate job losses fail to indicate things are getting better, it also fails to indicate a "shift in the economy" (as the headline claims).
When a system changes from one steady state to another, as it approaches the new state it will tend to change less dramatically (e.g., a hot cup of coffee changes temperature more slowly as it approaches room temp). In other words, a slowing rate of job losses may simply mean that the economy is settling in to a new state determined by a shift that happened long ago.