3 ms·
It’s a very common topic in lots of venues. Here is the economist talking about it: https://www.economist.com/graphic-detail/2023/09/07/the-pandemic-has-broken-
by kasey_junk 3y ago
It’s a very common topic in lots of venues. Here is the economist talking about it: https://www.economist.com/graphic-detail/2023/09/07/the-pandemic-has-broken-a-closely-followed-survey-of-sentiment https://www.economist.com/graphic-detail/2023/09/07/the-pand...
But as a for instance on one of the things you mentioned, our trade imbalance is less now than it was in the early 2000s. US industrial jobs have been on a negative trend for more than 50 years! That doesn’t correlate with the split between sentiment and other metrics either.
- Geisterde 3y agoThanks for the link; I find myself more sympathetic to the corollary of your second metric, that we are at a 50 year low in industrial work, to be a viable explanation; though ill admit my surpise that trade defecits are lower than the early 2000s, that ill need to dig into more.
- kasey_junk 3y agoThere are more workers employed in manufacturing in real terms now than 20 years ago as well. In a % of population basis that’s not true so maybe there is some effect on sentiment based on the % of people employed in that sector? I’ve not seen that put forth as a hypothesis anywhere but I’m certainly not an expert.