Barkley Rosser, Jr., 1948-2023

It’s with great sadness that I pass on news of the passing of Barkley Rosser, Jr., a regular commenter on this weblog (under his own name!). He was among many things an intellect of extremely wide-ranging interests, from bubbles in exchange rates to the dynamics of transition economies, nonlinear dynamics and catastrophe theory to ecological economics.

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A Quick and Dirty Assessment: How Far Off Is the Establishment Survey Nonfarm Payroll Employment Series?

In the debate over whether the establishment survey nonfarm payroll employment series is seriously overestimating recent (particularly Q2) employment, a reader querulously asks “So you’re saying the Philly Fed screwed up its analysis and we should ignore its work? That’s your view?”. Short answer to first question: No. Short answer to the second question: see below.

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