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print(f"Unemployment rate latest processed point for CSV: Date='{latest_processed_u_date.strftime('%Y-%m-%d')}', Value='{latest_processed_u_value:.4f}', Other value='{previous_processed_u_value:.4f}'")
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print(f"Unemployment rate latest processed point for CSV: date = {latest_processed_u_date.strftime('%Y-%m-%d')}, value = {latest_processed_u_value:.4f}, previous value = {previous_processed_u_value:.4f}")
print(f"Vacancy rate latest processed point for CSV: Date='{latest_processed_v_date.strftime('%Y-%m-%d')}', Value='{latest_processed_v_value:.4f}', Other value='{previous_processed_v_value:.4f}'")
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print(f"Vacancy rate latest processed point for CSV: date = {latest_processed_v_date.strftime('%Y-%m-%d')}, value = {latest_processed_v_value:.4f}, previous value = {previous_processed_v_value:.4f}")
description: "This paper builds the Michez rule, a fast and robust method to detect US recessions from data on unemployment and job vacancies. Published in OBES, 2025."
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summary: "This paper develops the Michez rule, a fast and robust method to detect US recessions using data on unemployment and job vacancies. In December 2024, the rule gives a recession probability of 27%; this recession risk was first detected in March 2024."
description: "This paper detects US recessions in real time from unemployment and vacancy data by combining perfect classifiers on the anticipation-precision frontier."
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summary: "This paper develops a method for detecting US recessions in real time using unemployment and vacancy data. The method combines perfect recession classifiers on the anticipation-precision frontier. Backtesting confirms that recessions are detected early and accurately."
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