Left Outside

Unemployment up/down a bit

Unemployment up 0.1%, this is non-news. The economy still sucks, we all knew that already. This also isn’t new evidence of the Tory’s terrible economic stewardship. Employment, unemployment etc. are all within the margin of error for those measurements, and monthly data tell us nothing in isolation. So, meh, is my reaction.

Filed under: Economics

When NGDP is Depressed, Employment is Depressed

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