March 23, 2023
just saying’ Picture 1: Non-farm employment relative to the first month in office, in magazines, for Biden (blue), for Trump (orange), for Obama (green), for JW Bush (red), and for Clinton (chartreuse). Source: BLS and author’s calculations. This entry was posted on February 7, 2023 To Menzies Chinn.
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just saying’ Picture 1: Non-farm employment relative to the first month in office, in magazines, for Biden (blue), for Trump (orange), for Obama (green), for JW Bush (red), and for Clinton (chartreuse). Source: BLS and author’s calculations. This entry was posted on February 7, 2023 To Menzies Chinn.
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This proposal put forward Kevin Drum in Jabberwocking. Verbatim: So: have we really created 2.5 million new jobs since March? I’m not sure I believe it. The chart he posted briefly summarizes his argument: Source: Drums (2022). The stylized fact is that the row of households adds little to the information contained in the rows
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