Paul Krugman+ Your Authors @paulkrugman Nobel laureate. Op-Ed columnist, @nytopinion. Author, “The Return of Depression Economics,” “The Great Unraveling,” "Arguing With Zombies," + more. Jul. 24, 2020 1 min read + Your Authors

And another: the Real-Time Population Survey, conducted in coop with Dallas Fed, suggests a decline in employment between the June and July reference weeks 1/  https://sites.google.com/view/covid-rps/ 

It's still not clear whether the official BLS number will be a small plus or a minus. But it won't be another big positive month 2/

Something I'm just registering: because official monthly employment reports are actually snapshots of the second week of the month, "August" numbers will reflect reality <3 weeks from now. It won't be great either 3/

And after that, just one more report before the election; report on October won't come until Nov. 5. Even if that report is great, how much impact can it have? 4/

So here's the thing: as far as I can tell, Rs still counting on a boom to rescue Trump. But they're already out of time 5/

Ernie Tedeschi has more. At least two surveys suggest that July may be a blowout jobs month — in the wrong direction. By no means a sure thing, but the "rocket ship" recovery has semi-officially crashed 6/


You can follow @paulkrugman.



Bookmark

____
Tip: mention @threader_app on a Twitter thread with the keyword “compile” to get a link to it.

Enjoy Threader? Sign up.

Since you’re here...

... we’re asking visitors like you to make a contribution to support this independent project. In these uncertain times, access to information is vital. Threader gets 1,000,000+ visits a month and our iOS Twitter client was featured as an App of the Day by Apple. Your financial support will help two developers to keep working on this app. Everyone’s contribution, big or small, is so valuable. Support Threader by becoming premium or by donating on PayPal. Thank you.


Follow Threader