Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 28, 2022

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Fri Jul 08 12:30:34 +0000 2022

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Matthew Yglesias @mattyglesias

We’ve had a very rapid aggregate nominal wages recovery, which is basically good, but the time is right for that number to slow down as part of the overall anti-inflation push and normalization of the economy. https://t.co/bHtw4ZLjGv — PolitiTweet.org

Posted July 8, 2022 Hibernated

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Matthew Yglesias @mattyglesias

The jobs report includes information on the number of employed people, on the average number of hours they work per week, and on the average hourly wages. The best indicator or labor market “hotness” is to combine all three — jobs * hours * wages — into aggregate nominal wages. — PolitiTweet.org

Posted July 8, 2022 Hibernated

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Matthew Yglesias @mattyglesias

Not to say there couldn’t be a recession in the future, but if the current situation — where employment continues to boom in the face of negative supply shocks — is a recession it’s a very odd one. — PolitiTweet.org

Posted July 8, 2022 Hibernated