Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Thu Jul 01 13:15:03 +0000 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

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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

The basic rule should be patience. Don't obsess over the latest number; ask whether the general shape of what seems to be happening fits your narrative. But I can make one firm prediction: very few news reports will follow this rule 8/ — PolitiTweet.org

Posted July 1, 2021