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#Unemployment
Jeremy Horpedahl 🍞
jmhorp
The -32.9% GDP number will grab the headlines. But remember this is "seasonally adjusted at annual rate."We can convert that to a quarterly rate of -9.5%, but here's another number
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Jason Furman
jasonfurman
1.8m jobs created is a relief, a little higher than expectations and higher than many indicators suggested.But this is mostly the “easy” job growth as the number of people on
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mike schussler
mikeschussler
Kevin with respect but you are being arrogant. What I mean is the following a) People are generally obeying the regulations so if they get sick it is not their
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Third Way Economic
ThirdWayEcon
It’s National Apprenticeship Week! Good news: the National Apprenticeship Act of 2020 from @EdLaborCmte will be on the House floor for a vote next week. A thread for #NAW2020: 1/8
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Elizabeth Pancotti
ENPancotti
In November, just 245k jobs were added to the US labor force. Meanwhile, 37% of jobless workers are now long-term unemployed (6+ months) and >7mil people who aren’t in the
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Michael Pettis
michaelxpettis
While we tend to look at these issues as the consequence of micro-level decision-making, it is important to understand the macro constraints that drive the process. If Covid-19 has caused
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Andy Kenney
AndyKnny
The $600-a-week supplement makes up more than half of Colorado unemployment payments. It could take $139 million a week out of the economy when it expires next week. (The $600-a-week
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Julian Jessop
julianHjessop
UK #GDP rose by 1.2% m/m in December and 1.0% q/q in Q4 2020. This was better than expected, including by the OBR, and means that (unlike the eurozone) the
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Arindrajit Dube
arindube
As we debate whether to cut UI benefits in the middle of the pandemic, it's useful to keep in mind what we know about the impact of the $600 benefit
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Mark Paul
MarkVinPaul
A bit late here (had shoulder surgery), but @MattBruenig wrote a worthwhile piece on how we structure unemployment insurance. You should read it. Shockingly, I do take issue with this
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Cory Doctorow #BLM
doctorow
This week marks publication of The Case for a Job Guarantee, @ptcherneva's brilliant, lucid pamphlet laying out the case for a radical rethinking of work and the creation of a
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Jared Bernstein
econjared
GDP fell 32.9% last quarter (Q2: Apr, May, June) at an annual rate, the biggest decline on record with data back to the 1940s. That's an awful number, but it's
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Philip Soos
PhilipSoos
How difficult is it for Labor to craft a proper unemployment insurance policy? Give the unemployed a universal payment equal to the age pension with no BS mutual obligations, &
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Scott Santens 🧢🏄‍♂️
scottsantens
I think it's pretty disgusting to see people promoting a job guarantee in the middle of a pandemic where the problem isn't that jobs don't exist but that people don't
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Arindrajit Dube
arindube
Looks like we all talk about this roughly every 5 years, so here was my discussion on this from 2015: https://arindube.com/2015/04/19/public-assistance-private-subsidies-and-low-wage-jobs/ I mostly agree with Ioana. At the same time,
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Nick Bunker
nick_bunker
Payrolls up only 245k, U3 only down 0.2 to 6.7%Labor market progress continues to slow. Private sector payrolls up by 344k, with federal government payrolls down 86k and state and
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