Editor’s note : This article has been updated for the publication of July payrolls figureseight prominent economists made it official on July 19th. The covid-19 recession, America’s deepest since the Depression, was also its shortest, spanning just March and April 2020. That tests the very definition of a recession, which the National Bureau of Economic Research describes as “a significant decline in economic activity that is spread across the economy and lasts more than a few months”.
It is not quite right, of course, to call today’s recovery jobless. About 22m jobs were lost between February and April 2020, and 16.6m have since been added back. Still, hiring is once again lagging behind. Though output reached a new high in the second quarter, employment remained more than 4% below its pre-pandemic level. Moreover, the resulting jump in the level of output per worker over the course of this recovery looks remarkably similar to that which followed the global financial crisis .
That productivity-boosting restructuring might accompany a period of economic stress is hardly surprising. In work published in 2012, for instance, Nir Jaimovich of the University of Zurich and Henry Siu of the University of British Columbia analysed the destruction of “routine” jobs—work that follows simple procedures and is thus highly susceptible to automation or outsourcing—and found its incidence to be concentrated around recessions.
Because economic growth is the only thing to be concerned about when the world is literally on fire?! priorities ClimateEmergency climatechange ClimateCrisis
So MMT/Helicopter$/UBI was the solution all along? Ill be damned. So Y all the fuss and bother about deficits and debt and growth etc? Just push a button (Chairman Pow's words) and presto; we have 'growth'. Feels silly that we didnt do that as early as Roman times. Y even work?
Did you just call the top
Gettr, let information flow freely. Come and Get the Truth Today!
望有知情者提供新冠疫苗制选真实成本？寻提供政府采购价格？猜想年年打,已成生物病毒制品利益集团。金融地产+病毒了,十倍乎百倍乎,利年打,已成生物病毒制品利益集团。金融地产+病毒了,十倍乎百倍乎,利。如利太高应加强生物实验监管,防利益集团造毒后放毒后,用疫苗收割众生。
如果强制接种要求公布及回答新冠疫苗以下资料及问题:1、疫苗的一至三期动物及人体实验安全报告及结果。2、如肝炎病毒分甲乙丙等,新冠疫苗很多变种,疫苗针对什么型新冠病毒有效,人体三期实验接种后有效率0-100%处于？%。接种后保护期是一年还是永久。
Roaring recovery with amazing amount of more debt..What could go wrong?
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