NBER’s Hall Says ‘Faltering’ Jobs Don’t Imply a ‘Second Dip’

The U.S. labor market’s “weak and faltering” recovery doesn’t imply the economy is sliding back into a recession and may instead reflect productivity gains, said Stanford University economist Robert Hall, who heads the National Bureau of Economic Research’s business-cycle dating committee.

“So far, there has been no second dip,” Hall, whose group is tasked with marking the start and end of recessions, said in an interview.