🧵 RT @[email protected]: "Last year involved the biggest mis-reading of the economy in my lifetime."

https://threadreaderapp.com/thread/1621501534608527361.html

Thread by @JustinWolfers on Thread Reader App

@JustinWolfers: Non-farm payrolls added a cracking 517,000 jobs in January, well above market expectations of +190k. This is a breathtaking number. That spike in stories about layoffs? It was about a small unreprese...…

@mcopelov
Isn't that a generalisable point for the USA today: the discourse has become detached from reality? The 4th estate has gone awol. Bias, prejudice and partisanship dominate the media.
@PoleconD On both the economy and state of the far right authoritarian party/threat to democracy, absolutely.
@mcopelov
Indeed. I was imprecise. Your focusing of the point is what I intended. Worth saying too that it's not the entire 4th estate, just a worryingly large section of it. But this is the kind of thing that happens in a plutocracy.