Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 28, 2023

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Fri Jan 06 16:04:22 +0000 2023

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Paul Krugman @paulkrugman

Right now, both wage and price data suggest an economy not far above target inflation — with 3.5% unemployment! Ultra-soft landing territory, almost too good to believe. Can't they release these reports in the evening, so we can drink either in celebration or sorrow? 2/ — PolitiTweet.org

Posted Jan. 6, 2023

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Paul Krugman @paulkrugman

At this point I'm starting to feel as if the BLS is just messing with our heads (not really, they're doing the best they can, but still). Not just volatile monthly numbers, but big revisions causing huge volatility even in 3 or 6 month averages 1/ — PolitiTweet.org

One way to avoid being jerked around is to use 3-month or 6-month averages. But those have also bounced around like… https://t.co/lX9V90E5xU

Posted Jan. 6, 2023

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Paul Krugman @paulkrugman

Relevant to yesterday's report on wages: in 2018-19 AHE grew 3.1%, core prices 1.9% 1/ https://t.co/84st4it5w9 — PolitiTweet.org

Posted Jan. 7, 2023