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.
———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———
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.