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Signs Point to Possible Recession

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Paul Krugman: “While it’s too soon to declare that we’re in a recession, the data are at least pre-recessionary: that is, the numbers are weak enough that we should be seriously worried that a recession is coming.”

“Most importantly, the data show a weak labor market. Employment isn’t falling off a cliff, but job growth has been weak and hasn’t kept pace with the number of people seeking work. The headline unemployment rate in November was 4.6 percent, up from an average of 4 percent in 2024.”

“That number is close to triggering the Sahm Rule… that has historically been highly successful at identifying the early stages of a recession.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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