M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
The weekly jobless number is out for the US -- 4.4 million. There's a temptation to draw comfort that it is lower than last week's. We should all resist this as, in this particular case, the stock numbers matter as much as the flow. And the former are horrible: 26 million jobs lost, or 16% of the labor force. #economy #jobs #unemployment #joblessness
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#joblessness