Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 2, 2021

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Fri May 29 18:23:24 +0000 2020

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Paul Krugman @paulkrugman

The biggest decline in absolute terms came in wage and salary income, which fell 11% between Feb. and April. However, about 40% of that decline was made up by increased unemployment benefits 2/ — PolitiTweet.org

Posted May 29, 2020 Hibernated

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Paul Krugman @paulkrugman

I finally had time to pore over today's personal income report a bit more, and here's my take: it shows a high risk of a crisis in the late summer if Congress doesn't step up with more aid 1/ — PolitiTweet.org

Posted May 29, 2020 Hibernated

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Paul Krugman @paulkrugman

And those benefits have expanded substantially, as states work off the backlog of cases: $49 billion in April, $86 billion in May through the 27th. So UI has been a major cushion. However, expanded benefits expire July 31 3/ — PolitiTweet.org

Posted May 29, 2020 Hibernated