The problem with macro is that it's sort of depressing and there's nothing I myself can do about, no matter how much I learn about NGDP targeting. But every now and then I must document the state of affairs, which currently are quite grim.
Friday, July 3, 2009
US Job Losses Per Month
CalculatedRisk has a chart putting the current job losses in a historical perspective:
The problem with macro is that it's sort of depressing and there's nothing I myself can do about, no matter how much I learn about NGDP targeting. But every now and then I must document the state of affairs, which currently are quite grim.
The problem with macro is that it's sort of depressing and there's nothing I myself can do about, no matter how much I learn about NGDP targeting. But every now and then I must document the state of affairs, which currently are quite grim.
