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Labor market may skirt U.S. recession: NABE

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NABE's latest survey of economists showed the U.S. is likely to enter a recession next year as interest rates rise but the labor market may be spared.

Former Chase chief economist Anthony Chan discusses what the better-than-expected November jobs report says about the U.S. economy and inflation on 'Varney & Co.'

That's according to the results of a new survey published by the National Association for Business Economics on Monday, which showed 57% of respondents believe thein 2023 is greater than 50%. A 52% majority of economists who responded believe a recession will begin in the first quarter of 2023.

 

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