Economists have become too negative


  • Jason Goepfert

    Jason Goepfert

    Published: 2020-06-05 at 10:15:00 CDT

Thanks to improvements in labor market indicators, economic surprises in the U.S. have turned positive. This happens when economists extrapolate recent bad news into the future and become too negative on the prospects for a recovery. The positive turn in surprises has reversed record low readings.


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