One other implication of yesterday's benchmark NIPA revisions: real disposable income per capita is now back to long-run trend.
Yes agree. Combination of weekly seasonals--which are always really, really hard to pin down confidently even in the best of times--plus now pandemic residuals means we should always reality-check the SA numbers against some sort of NSA history.
Initial unemployment insurance claims are only slightly above 2018, 2019, and 2023 levels for the same week in headcount terms (1st graph), and right in line when normalized to the level of employment (2nd). Continuing claims are following the 2023 path (3rd).
Well this is incredibly useful for economists new to Bluesky!
For Bluesky-Curious Econ Lovers, a Quick Start guide to plugging into the economics community here. I wrote it hoping to lower the costs & boost the benefits for folks to engage here. If you think it's useful, please share it. 📉📈 #️⃣#️⃣ aaronsojourner.org/for-bluesky-...
This Quick Start guide aims to help econ lovers easily join Bluesky’s growing economics community. The Bluesky User FAQ covers generic basics, like how to start an account. This guide orients you to e...
After blocking my 10th crypto bot on X this week, & reading about the upcoming changes to X's block feature, I'm going to start cross-posting to BlueSky & Threads more often, and engaging on those sites more, especially BlueSky. The path X is on just feels increasingly untenable.
ok this sounds mediocre https://bsky.app/profile/petersterne.com/post/3jzsrsdrhlc2v
Wait I’ve been on here less than a week are we going somewhere else now?