RT @ojblanchard1: A new paper by Summers, Domash, and me. https://bit.ly/3ay0g7V The unemployment rate is very low, the vacancy unemployment ratio is exceptionally high. We show that this is the sign not just of high activity, but of worse matching in the labor market. This has two implications:

🐦🔗: https://nitter.eu/lugaricano/status/1547481545484664832