69.0: LIVE! Reaction – Answering The Economist

———Ep 69 Intro———
The Economist magazine states that “the covid-19 crisis is highlighting the limits of unemployment-insurance figures” and therefore “jobless-claims data give little insight into America’s economy”. Jeff Snider reacts Live! to the article and offers his own thoughts.

———See It———–

Twitter: https://twitter.com/JeffSnider_AIP
Twitter: https://twitter.com/EmilKalinowski
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
Art: https://davidparkins.com/

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———Ep 69.0 Topics———

01:29 The Economist finds some of the unemployment data in the United States unbelievable
03:27 The 80 million claims filed last year does not mean that 80 million were unemployed
05:04 The Economist implies that because the 80M is preposterous the other labor stats are too
07:29 It is legitimate to acknowledge distortions to the labor stats; there are anomalies
09:27 Many economic accounts indicate that bad news in unemployment is perfectly reasonable
10:17 The jobless claims / labor market is improving over recent weeks.
13:08 Is there a clearly, unambiguous positive economic metric in the US economy?

———Ep 69.0 References———

Why jobless-claims data give little insight into America’s economy: https://econ.st/3xzZn5r
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7

———Who———

Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski. Art by David Parkins. Podcast intro/outro is “Rollerblade” by Arc De Soleil at Epidemic Sound.