Multiplier: Cause and Effect

Economic multipliers are always discussed, but to take the discussion out of abstract form and into reality, let’s look inside today’s dismal unemployment numbers: The economy shed 651,000 jobs in February, pushing the unemployment rate up to 8.1 percent […] The goods-producing sector shed...

December’s unemployment numbers are out…

I seem to do a post like this once a month, whenever the numbers come out.  Since I haven’t visited the topic in a month, I need to remind everyone why job numbers from November or December are more important than the same numbers from, say, June: During the holiday season, retail is supposed to gain...