September Payroll Employment
We are still 1% off the previous peak in jobs.
Click on the image to get a bigger version.
The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .
Focus on the Problem
U.S. payroll employment peaked at 132.5 million jobs in February 2001. For April 2012, U.S. payroll employment had reached 133.0 million jobs, marking the third month in a row above the February 2001 level.
Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?
Brad DeLong favors the U.S. gdp gap.
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?
The Economics Roundtable is sponsored by EconModel.
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On future commitments to replace those made in the Kyoto Protocol and the Copenhagen Accord
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Many points in the global political ...
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Since its launch in 2003, the Open Forum has created a bridge between the World Economic Forum Annual Meeting and the general public. While the Annual Meeting is by invitation only, the Open Forum is just that, open, to anyone and everyone who wants to participate in the discussion on ...
By Martina GmĂĽr*
With the new year just around the corner, I am proud to look back at the exciting and productive 2011 we had with the Global Agenda Councils.
Coming into its fourth year, the Network of the Global Agenda Councils has monitored and addressed many of the most important ...
By Professor Alan McKinnon*
Can you imagine a world without trucks? Itâ€™s not a scenario that keeps many people awake at night, but perhaps it should. If, for whatever reason, road haulage operations were suspended, the resulting dislocation of supply chains would result in economic collapse within a few ...