The rate of growth has been decelerating due to the fiscal contraction, but remains over 50 which means positive growth:
The post ISM services, employment appeared first on Mosler Economics / Modern Monetary Theory.
ISM services, employment
July 08, 2022 at 12:40 PM EDT
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: