Matthew Yglesias

@mattyglesias ↗

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Last Checked Feb. 8, 2023

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Fri Feb 03 15:17:29 +0000 2023

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Matthew Yglesias @mattyglesias

Details on this — employers holding onto more of their seasonal hires than usual is important in a macro-sense, but doesn't generate real-time coverage since it's hard to write articles about things not happening. https://t.co/bMn7AjJslg — PolitiTweet.org

.@fcastofthemonth on why net Jan jobs # was so big: “We lost 303k fewer jobs on an unadjusted basis this year than… https://t.co/lK5fW3uTsv

Posted Feb. 3, 2023

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Matthew Yglesias @mattyglesias

One reason why it’s possible to have strong January employment despite stories about layoffs is the data is seasonally adjusted and January *always* has high layoffs, so the strong number means “fewer layoffs than in the average January” which is always a high-layoff month. — PolitiTweet.org

Posted Feb. 3, 2023

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Matthew Yglesias @mattyglesias

I don’t think it’s that hard to understand why people feel cranky about the economy despite slowing inflation and a strong job market — prices are still rising faster than wages. Gap is narrowing and will hopefully reverse soon but it hasn’t happened yet. https://t.co/HtjqPw4W2E — PolitiTweet.org

Posted Feb. 3, 2023