Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2023

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Wed Mar 08 18:37:28 +0000 2023

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Paul Krugman @paulkrugman

You might think that Friday's job report will provide clarity. But revisions have been so large lately, especially on wage growth, that we'll have to take it with a few tablespoons of salt. Also JOLTS now has a terrible response rate 2/ — PolitiTweet.org

Posted March 8, 2023

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Paul Krugman @paulkrugman

I have a few minutes, so some thoughts on tea-leaf reading. JOLTS came in ... confusing, with openings barely down but quits down substantially. So the labor market either isn't cooling or it is. Fwiw, private job openings measures do suggest cooling 1/ — PolitiTweet.org

Posted March 8, 2023

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Paul Krugman @paulkrugman

Economy probably still running unsustainably hot. I can see the case for 50 from the Fed, but also the case for not, and honestly it probably doesn't matter much. What matters are market expectations about future Fed policy, which will largely be driven by data 3/ — PolitiTweet.org

Posted March 8, 2023