tag:blogger.com,1999:blog-7539577136486286096.post3241275293846290536..comments2024-03-28T02:46:41.090-05:00Comments on Supply and Demand (in that order): Economic Numbers Coming out this WeekCasey B. Mulliganhttp://www.blogger.com/profile/03317454408275318282noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7539577136486286096.post-7286555580883713192009-01-12T19:59:00.000-06:002009-01-12T19:59:00.000-06:00Professor Mulligan -- did you see that the BLS "Ch...Professor Mulligan -- did you see that the <A HREF="http://www.bls.gov/ces/" REL="nofollow">BLS</A> "Change in Real Earnings" for November was +0.22, which is by far the largest in the historical data? The next largest is +0.14 in January 1972.<BR/><BR/>This seems pretty strong evidence that labor supply is contracting more than demand.Jonathanhttps://www.blogger.com/profile/11255046778154560478noreply@blogger.com