Relevant and even prescient commentary on news, politics and the economy.

Back to the basics: how do initial claims, total hours worked, aggregate real payrolls, and job growth relate?

Back to the basics: how do initial claims, total hours worked, aggregate real payrolls, and job growth relate?  – by New Deal democratFed One of the most important reasons why big Fed rate hikes and big downturns in things like housing starts and credit provision haven’t translated into a recession this year (so far!) is […]