Did Argentina’s unemployment rate fall last night?
In recent days, there’s been a twitter debate about whether changes in employment drive the inflation process: I thought of this debate when reading about the sudden rise in the Argentine price level. Here’s Bloomberg: At shops all across Argentina, from cafes to kitchenware vendors, scores of small-business owners woke up Monday to find […]
Retail sales report July 2023:
Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the month, the Commerce Department reported Tuesday. The advanced retail sales report showed a seasonally adjusted increase of 0.7% for the month, better than the 0.4% Dow Jones estimate. Excluding autos, sales rose a robust 1%, […]
