Jason FurmanVerified account

@jasonfurman

Professor of Practice at Harvard. Teaches Ec 10, some tweets might be educational. Also Senior Fellow . Was Chairman of President Obama's CEA.

Cambridge, MA
hks.harvard.edu/faculty/jason-…
Joined April 2011
Born August 18, 1970
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  1. Retweeted
    Dec 10

    Thread (1/14) on new paper explaining pvt sector union decline w/ and Lynn Rhinehart. Retweet don't just like!

    5 replies 92 retweets 99 likes
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  2. Retweeted
    Dec 10

    From : Absent policy changes, insurgents are unlikely to overturn Big Tech incumbents. The lack of competition is costly, writes .

    8 replies 13 retweets 43 likes
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  3. Retweeted
    Dec 10

    HKS's believes the digital economy should have a code of conduct that enhances competition and encourages innovation

    2 replies 6 retweets 17 likes
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  4. Retweeted
    Dec 10

    Absent policy changes, insurgents are unlikely to overturn Big Tech incumbents. The lack of competition is costly, writes

    4 retweets 8 likes
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  5. Dec 9

    Today's lawsuit against Facebook is a great step, but we'll also need pro-competition regulation. The UK provides a model, we should follow their lead. My latest touting the UK's Digital Markets Unit (disclosure: follows my recommendations).

    8 replies 17 retweets 43 likes
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  6. Dec 9

    Excellent thread on the government's lawsuits against Facebook and Google. There is nothing illegal about being a monopoly (noun), but monopolization (verb) is illegal and that is what these lawsuits are about.

    (1/) A thread on the FTC lawsuit against Facebook, and the DOJ's lawsuit against Google. First, it is long overdue. Second, it's a good thing that it starts under a Republican administration and continues under a democratic one. via
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    1 reply 18 retweets 42 likes
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  7. Dec 9

    The FTC's monopolization case against Facebook is a bold and welcome use of government's monopolization enforcement. The government should have been much more skeptical about Facebook's monopoly-preserving and extending mergers to begin with but better late than never.

    6 replies 21 retweets 87 likes
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  8. Retweeted
    Dec 6

    Sunday Funday.

    177 replies 2,778 retweets 10,107 likes
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  9. Retweeted
    Dec 5

    Prof Jason Furman from Harvard University says at the 2nd Bund Summit that neither China nor the US will win the race for artificial intelligence: It’s been a fashionable debate in recent years as to who is going win the race for ...1/6

    4 replies 6 retweets 6 likes
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  10. Retweeted
    Dec 4

    Agree completely that fiscal policy makers need to do way more to think through macro policy in low rates era. Key issue for me is how to coordinate fiscal and monetary policies while maintaining central bank independence.

    Fiscal policymakers are far, far behind central bankers in reconsidering macroeconomic policy in an era of low interest rates. You can argue over whether central bankers have moved far enough, but at least they have indisputably moved.
    9 replies 4 retweets 11 likes
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  11. Dec 4

    Fiscal policymakers are far, far behind central bankers in reconsidering macroeconomic policy in an era of low interest rates. You can argue over whether central bankers have moved far enough, but at least they have indisputably moved.

    16 replies 47 retweets 295 likes
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  12. Dec 4

    Whenever possible I outsource my housing policy views to some combination of Ingrid Gould Ellen, Amy Ganz and Katherine O’Regan. Excited to see their permanent proposal to prevent evictions through emergency rental assistance.

    10 retweets 21 likes
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  13. Dec 4

    A nice valedictory post from in The Washington Post, a lot of Jarednonmics in this most of which is highly correlated with Bidennomics.

    4 retweets 19 likes
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  14. Retweeted
    Dec 4

    By 's calculation, the "realistic" unemployment rate -- which adjusts for the unusual decline in participation -- is 8.5%, and is *rising*.

    The unemployment rate fell from 6.9% to 6.7% in November. BUT... labor force participation fell so the employment rate fell. My measure of the "realistic" unemployment rate actually rose. And the "full recall" unemployment rate rose. Blog coming, a little on this now.
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    3 replies 38 retweets 91 likes
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  15. Retweeted
    Dec 4

    The unemployment rate edged down to 6.7%, but for the “wrong” reasons as 400k people left the labor force. The number of workers unemployed 27 weeks or more shot up to 3.9 million in November. Now, over one-third (36.9%) of the total unemployed are long-term unemployed.

    1 reply 12 retweets 19 likes
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  16. Dec 4

    My monthly blog with Willie Powell analyzes the November jobs numbers. Key point: even as the headline unemployment rate fell the underlying realistic and full recall rates rose. These are better measures of where we are now and where we might go.

    4 retweets 15 likes
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  17. Dec 4

    The *entire* progress in labor markets since the April low has been a redn in unemployed on temporary layoff as people went back to their old jobs. Unemployed not on temporary layoff has risen. This will be a headwind for further progress on the 11m jobs short of trend.

    3 replies 51 retweets 128 likes
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  18. Dec 4

    In other words, the labor market got a little bit worse in November. And December likely to be even worse. There is a lot of light in 2021 but going into the year with a growing number of people permanently having lost their jobs is concerning.

    3 replies 13 retweets 33 likes
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  19. Dec 4

    The realistic UR adjusts for a misclassification error & the unusually large decline in participation. The full recall UR assumes that everyone on temporary layoff goes back to jobs. It is *higher* than the regular because in that case people would also re-enter the workforce.

    1 reply 4 retweets 16 likes
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  20. Dec 4

    The unemployment rate fell from 6.9% to 6.7% in November. BUT... labor force participation fell so the employment rate fell. My measure of the "realistic" unemployment rate actually rose. And the "full recall" unemployment rate rose. Blog coming, a little on this now.

    2 replies 42 retweets 118 likes
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