Files containing subject employment impact

Trend and Cycle

Whether measured by real Gross Domestic Product (GDP) or employment, the movement of the economy can be broken down into two components. Trend refers to the long-term growth of the economy, which is described graphically by a smooth curved line between two points in time. Cycle refers to the drifting movement of the economy above and below the trend line. [READ MORE]

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Volume: 23 - Number: 2

Leading Index Title:

Special Topic Title: Regional Economic Structure


  • Dick Conway
  • Doug Pedersen