Nobel prize-winning economist explains why the jobs report under-represents virus's economic damage
02:31
Share this -
copied
Nobel prize-winning economist Paul Romer joins Andrea Mitchell to discuss the June jobs report, which showed strong gains in employment. Romer explains that the real unemployment rate is likely higher than what is reflected in the report, because of those who "have given up working," and how new virus surges could set back the economic recovery.July 2, 2020
UP NEXT
Rep. Gottheimer: ‘The ridiculous game the far right has been playing’ with budget deal ‘is absurd’
04:00
Rep. Turner: ‘Congress would absolutely support’ a Saudi-Israel deal, ‘an incredible accomplishment’
05:11
Rep. Dingell: ‘I don’t believe’ Biden or the media ‘belongs at the negotiating table’ in UAW talks
02:56
Rep. Ken Buck: ‘No doubt in my mind’ that a separate Ukraine funding bill will pass the in House
03:37
Sen. Coons: there must be ‘active engagement’ to ensure Saudi deal is agreeable to Israelis
07:42
Melinda French Gates: investing in health systems in impoverished places will bring ‘less conflict’