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Lombard Odier Investment Managers

2023 Top 500 Ranking: 274

Is employment at the heart of US economic growth?

Is employment at the heart of US economic growth?

Every economist fetishises their chosen leading indicator for the US economy – be it the ISM manufacturing index, capacity utilisation rate or new home sales. We cannot overstate the dangers of this habit and prefer to base our analysis on nowcasting indicators. But if there is one indicator that represents ...

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