The gdp revisions and labor market weirdness

The weirdness is still there.  Menzie Chinn does the hard work and reports back:

Formal statistical tests indicate that the relationship between GDP growth and private employment growth has experienced breaks at each of the past two recessions, and strongly rejected stability (using 1-step-ahead recursive residual tests) in the last recession. This remains true regardless of whether one uses the pre-revision or post-revision data, although the rejection of stability is slightly less marked using the revised data.


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