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Correction to Economies 2022, 10(10), 260.
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Correction

Correction: Seip and Zhang (2022). A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery. Economies 10: 260

by
Knut Lehre Seip
1,* and
Dan Zhang
2
1
Faculty of Technology Arts and Design, Oslo Metropolitan University, P.O. Box 4 St. Olavs Plass, Pilestredet Park 33, 0176 Oslo, Norway
2
Faculty of Social Sciences, Oslo Business School, Finance and Accounting, Oslo Metropolitan University, P.O. Box 4 St. Olavs Plass, Pilestredet Park 33, 0176 Oslo, Norway
*
Author to whom correspondence should be addressed.
Economies 2023, 11(3), 75; https://doi.org/10.3390/economies11030075
Submission received: 2 February 2023 / Accepted: 8 February 2023 / Published: 24 February 2023
Browse Figure
Versions Notes
The authors would like to make the following correction to the published paper (Seip and Zhang 2022).
In Figure 2, e and f were duplicates. The correct Figure 2 is presented below:
The authors confirm that the scientific conclusions are unaffected. The original publication has also been updated.

Reference

  1. Seip, Knut Lehre, and Dan Zhang. 2022. A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery. Economies 10: 260. [Google Scholar] [CrossRef]
Economies 11 00075 g002 550
Figure 2. Lead-lag relations between GDP, employment (EM), and unemployment, (UE). (a) GDP and EM, both LOESS(0.1) smoothed. Drop lines show NBER recession. (b) LL relations between GDP and EM, both LOESS(0.1) smoothed (gray) and both raw, unsmoothed (dark gray). Numbers show percentage “pseudo significant” LL relations (see text). Drop-lines show the beginning of recessions. OLR between gray and black bars give R = 0.30, p < 0.001. (c) GDP-LOESS (0.8) residual and UE (%) both series LOESS(0.1) smoothed. (d) LL(GDP LOESS (0.8) residual, UE), both series LOESS(0.1) smoothed and normalized to unit standard deviation. Red horizontal lines show recession periods. Droplines show beginning of recessions. (e) Phase plot for GDP and EM, not detrended, 1989-1993M4, dropline show the beginning of the 1990 recession. (f) Same as (e), but with GDP and UE.
Figure 2. Lead-lag relations between GDP, employment (EM), and unemployment, (UE). (a) GDP and EM, both LOESS(0.1) smoothed. Drop lines show NBER recession. (b) LL relations between GDP and EM, both LOESS(0.1) smoothed (gray) and both raw, unsmoothed (dark gray). Numbers show percentage “pseudo significant” LL relations (see text). Drop-lines show the beginning of recessions. OLR between gray and black bars give R = 0.30, p < 0.001. (c) GDP-LOESS (0.8) residual and UE (%) both series LOESS(0.1) smoothed. (d) LL(GDP LOESS (0.8) residual, UE), both series LOESS(0.1) smoothed and normalized to unit standard deviation. Red horizontal lines show recession periods. Droplines show beginning of recessions. (e) Phase plot for GDP and EM, not detrended, 1989-1993M4, dropline show the beginning of the 1990 recession. (f) Same as (e), but with GDP and UE.
Economies 11 00075 g002
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MDPI and ACS Style

Seip, K.L.; Zhang, D. Correction: Seip and Zhang (2022). A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery. Economies 10: 260. Economies 2023, 11, 75. https://doi.org/10.3390/economies11030075

AMA Style

Seip KL, Zhang D. Correction: Seip and Zhang (2022). A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery. Economies 10: 260. Economies. 2023; 11(3):75. https://doi.org/10.3390/economies11030075

Chicago/Turabian Style

Seip, Knut Lehre, and Dan Zhang. 2023. "Correction: Seip and Zhang (2022). A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery. Economies 10: 260" Economies 11, no. 3: 75. https://doi.org/10.3390/economies11030075

APA Style

Seip, K. L., & Zhang, D. (2023). Correction: Seip and Zhang (2022). A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery. Economies 10: 260. Economies, 11(3), 75. https://doi.org/10.3390/economies11030075

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