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Jordan Weissmann: Unemployment rate and rent-to-income ratio were much worse in 2013

Jordan Weissmann: Unemployment rate and rent-to-income ratio were much worse in 2013
Unemployment and rent-to-income worsened

Jordan Weissmann rejects a description of the economy at that time, stating the unemployment rate was significantly worse, which led to falling wages.

Weissmann also notes that by 2013, the rent-to-income ratio was already very high.

Earlier, Weissmann noted that Washington DC reported a 5.4 percent job decline compared to the larger 6.2 percent employment loss from 2007 to 2009, highlighting a period of labor market weakness (link). He also reported that Obama-era tax hikes modestly slowed short-term growth, even as many experts viewed the measures as appropriate policy (link). These past observations provide context for his current views on wages and affordability.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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