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Message
re: Jobs Numbers
Posted on 6/2/23 at 9:53 am to Big Scrub TX
Posted on 6/2/23 at 9:53 am to Big Scrub TX
quote:
I'm not sure what you want me to tell you. Employment is still strong and we have positive (real) growth.
I'm asking you what you are seeing that adds up.
U3 rises yet the labor force participation rate remains flat (and still well below the average going back to the late 70s) and job creation skyrockets. How does that make sense? Having flat lfpr and such a spike in job creation should lower U3, especially when unemployment claims also remain flat.
quote:
In this metaphor, what is the leaf blower?
The federal government continuing to deficit spend like MMT is a viable monetary philosophy.
This post was edited on 6/2/23 at 9:54 am
1
Posted on 6/2/23 at 9:57 am to Bard
quote:At which point were you expecting deficit spending to end? I'd argue there is no new information here.
The federal government continuing to deficit spend like MMT is a viable monetary philosophy.
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