US paid benefits to unemployed. Europe tried to keep people in jobs. What would European unemployment rates have been in May without short-time working systems in place? PIMCO estimates spectacular rates.
@TomFairless @d_harrison
wsj.com/articles/in-th… https://t.co/SlRSaSl6YO
If you, comfortably situated/securely employed, are ever tempted to wonder whether all that stimulus is “really” necessary, look at these
March 6, 2021
If you, comfortably situated/securely employed, are ever tempted to wonder whether all that stimulus is “really” necessary, look at these numbers for US labour market