by Yes, recent ‘hard data’ has driving down GDP estimates, trumped up expectations not withstanding: At current pricing the Saudis are seeing less demand, due to others pumping more most likely: This chart tells me that it’s gotten a lot harder to be eligible for unemployment benefits this cycle, and an automatic fiscal stabilizer the cushioned weakness in prior cycles may have been deactivated as well: New law makes it harder to get unemployment New rules make it harder to get unemployment benefits So this drop, which is even more severe when adjusted for population growth, to less about ‘tight job markets’:
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
John Quiggin writes Trump’s dictatorship is a fait accompli
Peter Radford writes Election: Take Four
Merijn T. Knibbe writes Employment growth in Europe. Stark differences.
Merijn T. Knibbe writes In Greece, gross fixed investment still is at a pre-industrial level.
Yes, recent ‘hard data’ has driving down GDP estimates, trumped up expectations not withstanding:
At current pricing the Saudis are seeing less demand, due to others pumping more most likely:
This chart tells me that it’s gotten a lot harder to be eligible for unemployment benefits this cycle, and an automatic fiscal stabilizer the cushioned weakness in prior cycles may have been deactivated as well:
New law makes it harder to get unemployment
New rules make it harder to get unemployment benefits
So this drop, which is even more severe when adjusted for population growth, to less about ‘tight job markets’:
