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ISM services, employment

The rate of growth has been decelerating due to the fiscal contraction, but remains over 50 which means positive growth: No recession here as employment growth continues and unemployment isn’t rising. Yes, growth is slowing from the post-Covid fiscal collapse, but not yet to the point of negative growth. And the increase in prices that […] The post ISM services, employment appeared first on Mosler Economics / Modern Monetary Theory .
The rate of growth has been decelerating due to the fiscal contraction, but remains over 50 which means positive growth:

No recession here as employment growth continues and unemployment isn’t rising. Yes, growth is slowing from the post-Covid fiscal collapse, but not yet to the point of negative growth. And the increase in prices that exceeds wage growth further works to cause people to take whatever jobs they can to make ends meet.

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The post ISM services, employment appeared first on Mosler Economics / Modern Monetary Theory.

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