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Redefining recession as joblessness lingers in 1980s downturn
Washington reports that despite some growth, persistent unemployment and weak manufacturing prompt debate over ending the 1981–82 recession. NBER, the official arbiter, may declare end in 1982, but economists warn recovery is uneven and outcomes vary by region and sector.
MENTIONED IN THIS ARTICLE
Washington
National Bureau of Economic Research
Cambridge
Mass
Te Bureau
United States
F. Gerard Adams
University of Pennsylvania
Detroit
Philadelphia
Alan S. Blinder
Princeton University
Adams
Blinder
Traa
GNR
U.S
Princeton