Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Thu Jul 01 13:13:30 +0000 2021

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Paul Krugman @paulkrugman

For example, traditional seasonal adjustments are of dubious value in an economy where some highly seasonal activities have been and to some extent still are depressed by social distancing 6/ — PolitiTweet.org

Posted July 1, 2021

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Paul Krugman @paulkrugman

And yet ordinary monthly data are now very noisy, largely because the raw data are useless without adjustments that have been thrown out of whack because of the pandemic and its aftermath. 5/ — PolitiTweet.org

Posted July 1, 2021

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Paul Krugman @paulkrugman

Does the BLS's birth-death model for adjusting payrolls work in such a weird environment? Etc. Not criticizing the BLS, which is doing the best it can; nor am I calling for using raw data. Just saying that it's really hard 7/ — PolitiTweet.org

Posted July 1, 2021