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Here are the takeaways from today’s nonfarm payrolls report:
Employers added 29,000 jobs
The unemployment rate rose from 4.1% to 4.2%
Average hourly earnings grew by just 0.1% month-over-month
Is 29,000 a good number or a bad number? Economists we...
Early this morning, I took a break from working on my book to trade text messages with Warren Mosler, the canonical “father” of MMT. I had been asking for Warren’s thoughts on Japan. In particular, I wanted to know what he would say to Robin Brooks, a macro analyst who has been
Today is the final day of the Allied Social Science Association’s (ASSA) annual meetings. They take place in early January each year. For most of my career, I rarely missed one, but I haven’t been for several years. It used to be a huge event, drawing 15,000 or more, but attendance ha...