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This is a terrific article. Also points out harsh reality that Last in are first out in recession. What took more than a decade to gain could set your back to square one in matter of months. This is most misunderstood by too many.https://twitter.com/bhgreeley/status/1225729047646351360 …
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This is so very important. The developed world is running out of ways to right the ship should it capsize. And, fat tail risks are rising.https://twitter.com/lisaabramowicz1/status/1225380999661572096 …
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Diane Swonk proslijedio/la je TweetHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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The revisions could be the largest downward revisions since 2009. They also would be more consistent with what we know about unemployment and labor force participation over the period. We just don’t need to create as many jobs as in the past to push down the unemployment rate.
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The revisions are due to the government getting more information on what are called firm births and deaths. Firms that may have cut workers or closed (retailers) show up in the downward revisions along with firms we didn’t know previously existed.
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Big question for January jobs report is whether the unusual mild winter weather will boost the data for January like it did in the ADP report. Didn’t have a big effect on *official* December data. Also are the benchmark revisions, which are to the downside -500k prelim.
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This is so very tragic... “The number is the highest recorded in over ten years and represents a population larger than the estimated total population of Dallas.” We have a housing crisis and it is hurting our children, which undermines our future.https://apple.news/AfURR3TxpQTSs117iC45A0g …
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Fed isn’t worried about coronavirus yet.... Helps that global economy had more than 40 central banks cut rates more than 70 times simultaneously in 2019.https://www.cnbc.com/2020/02/05/feds-mary-daly-says-current-interest-rates-put-economy-in-a-good-place-to-weather-the-storms.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToTwitter …
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Diane Swonk proslijedio/la je Tweet
Listen to the Noon Business Hour on
@WBBMNewsradio in Chicago to hear@DianeSwonk@GrantThorntonUS with the latest on the economy.@Giersh@CiscoCottoHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Diane Swonk proslijedio/la je Tweet
Read labor economist
@DianeSwonk@GrantThorntonUS preview of nonfarm payrolls due Friday am: Watch for Downward Revisionshttps://shar.es/a3Qy1lHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Diane Swonk proslijedio/la je Tweet
do you do research on ... non-traditional work arrangements and changing landscape of jobs prospects especially, how they affect economic well-being among low-wage workers and their families apply by **Feb 12** for a grant at
@equitablegrowthhttps://equitablegrowth.org/research-paper/2020-request-for-proposals/?longform=true …Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Nice increas in the ISM non manufacturing index - highest since August 2019. Only modest downside, pace of hiring slowed despite pick up in activity.https://www.instituteforsupplymanagement.org/ISMReport/NonMfgROB.cfm?SSO=1#nonManSurvRes …
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Yes, they do. Cool research.https://twitter.com/CEP_LSE/status/1224983515890057216 …
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Wow. Mute button coming in handy today.
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For those wanting the actual link to the government website warning of the preliminary revisions to the April 2018 to March 2019 data, here it is. The total downward as of the August warning is over 500k. Would the largest since 2009 drop of 900k. https://www.bls.gov/web/empsit/cesprelbmk.htm …
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That is when fear of full blow trade war with China and government shutdown took hold.
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They are not in general w the benchmarks, but there are a string of them over the summer and into the early fall that raised some red flags. Those appear to have stopped. The benchmark will hit 2018 most. It looks like the biggest downward shift was fall 2018-beginning 2019.https://twitter.com/ed_des3maisons/status/1225062984021630976 …
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Follow President
@marydalyecon of the@sffed. She is an incredibly good leader and labor economist.https://twitter.com/marydalyecon/status/1224789641573699584 …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
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This fast tracking of the Shelton nomination is mind boggling. It is as if they have not read anything she has said. She is not only unqualified, she is dangerous. Sh le has advocated policies removing deposit insurance and policies that would undermine community banking.https://twitter.com/jeannasmialek/status/1224818153382973441 …
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