{"id":509857,"date":"2010-04-03T08:49:25","date_gmt":"2010-04-03T12:49:25","guid":{"rendered":"http:\/\/www.businessinsider.com\/national-bureau-of-economic-research-if-you-still-dont-think-were-recovering-youre-a-schmuck-2010-4"},"modified":"2010-04-03T08:49:25","modified_gmt":"2010-04-03T12:49:25","slug":"national-bureau-of-economic-research-look-people-the-recovery-is-pretty-clear","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/509857","title":{"rendered":"National Bureau Of Economic Research: Look People, The Recovery Is Pretty Clear"},"content":{"rendered":"

\"Blind<\/p>\n

Robert Hall, the Stanford economist who heads the U.S. National Bureau of Economic Research’s Business Cycle Dating Committee explains why it’s time for recovery-deniers to throw in the towel.<\/p>\n

Jobs, one the last data points to react to a rebounding economy, are now clearly growing. That’s a huge sign:<\/p>\n

Bloomberg:<\/a><\/p>\n

“I would say ‘pretty clear’ is a good description” for whether the economic contraction has ended, he said.<\/p>\n

Among the top indicators the group uses is payrolls, according to its Web site. The government revised the January and February job count up by a combined 62,000, putting the March gain at 224,000 after including the updated data.<\/p>\n

“It’s great news that employment has finally stopped shrinking,” Hall, a Stanford University professor, said.<\/p>\n

Today’s report showed the payroll count from the government’s survey of businesses and the employment numbers from a separate survey of households have both been heading higher, Hall said.<\/p>\n

“That is looking better now,” he said. “I think the odds favor a continuing expansion in employment, but I don’t have great confidence.”<\/p>\n

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