#JPMCInstitute

In new #JPMCInstitute research https://institute.jpmorganchase.com/institute/research/labor-markets/unemployment-insurance-covid19-pandemic we look at spending responses to $600 UI Supplement. BOTTOM LINE: UI is providing crucial spending s

Huge puzzle about the role of UI in the economy now 1) $600 UI supplement expired, removing $30 billion/week from the economy2) Spending trackers for proprietary data look *flat*! Answer:

new resultsHow did the expiration of the $600 unemployment supplement affect spending and saving?Tldr: the $600 life preserver is deflating quicklyNew work w @FionaGreigDC @Farrell_Diana @Dan_M_Sullivan @pascaljnoel @JoeVavra @maxliebeskind