Employment Outlook: July 1994

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Most likely, global economic activity is picking up, and cheaper (and more stable recently) oil prices could be the reason.�The chart above compares the CRB Metals index (copper scrap, lead scrap, steel scrap, zinc and tin) to the price of Caterpillar stock. Unemployment hadn't been so high since the 1981 recession, when it above 10% for 10 months. The way to bet is that two-thirds of the surprising component of this month's employment report will be reversed over the next quarter or so.

Pages: 0

Publisher: Organization for Economic Co-operation and Development (OECD) (July 4, 1994)

ISBN: 9264141669

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