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Through past experiences, economists have learned to identify and react to the potential slowdowns in the economy. In this case, a weak job market, a decrease in inventories and capital spending, as well as a slowdown in economic growth, all fueled the latest recession.
The state of the labor market is an excellent indicator for a potential recession. Naturally, at the hands of the ever-changing technology, new jobs are created and old ones are destroyed. The United States has been enjoying an expansionary period since the end of the 1990-1991 recession (Bade 138). Over the past decade, the rapid rate of job creation in the ?new' economy significantly lowered the unemployment rate...
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