Paul Krugman

@paulkrugman ↗

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Last Checked June 4, 2021

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Thu Apr 30 19:09:00 +0000 2020

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Paul Krugman @paulkrugman

So, we've had an amazing 30 million initial claims over a very short period. Plus, state offices that process these claims are both overwhelmed and in many cases designed to reject people. So it's natural to assume that true job loss >30M 2/ https://t.co/gnFfu9FRgP — PolitiTweet.org

Posted April 30, 2020 Hibernated

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Paul Krugman @paulkrugman

I'm a bit behind on economic data, partly because we know it's terrible and also know that the very short-term data that are we have so far are very imperfect. But I thought it might be worth some wonkish notes on unemployment claims 1/ — PolitiTweet.org

Posted April 30, 2020 Hibernated

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Paul Krugman @paulkrugman

But if you look at the historical record, initial claims seem to overstate, not understate, job loss in slumps — and that's even if you discount the normal churn that causes several hundred thousand a week even in good times 3/ — PolitiTweet.org

Posted April 30, 2020 Hibernated