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.
The Classic Economic Models cover micro, macro, and financial markets.
ACSBlog (Am. Constitutional Soc.)
"The Blog of the American Constitutional Society for Law and Policy”
The White House has officially announced the nomination of Cass Sunstein to head the Office of Information and Regulatory Affairs (OIRA) in the Office of Management and Budget. OIRA is responsible for reducing government paperwork ...
In an interview with The Huffington Post, federal appeals court judge Richard A. Posner ponders his longstanding support of free-market capitalism. As noted in the interview, Posner’s changing thoughts on capitalism are expounded upon in ...
By Katherine V. Stone, Professor of Law, UCLA School of Law. Stone teaches labor and employment law. The following piece will appear in a forthcoming report entitled “Academics on Employee Free Choice: Multi-Disciplinary Approaches to Labor Law Reform,” to be ...
U.S. Sens. Bob Menedez and Richard Durbin are promoting legislation that would allow states to ease barriers to college for thousands of undocumented students.
U.S. News & World Report says: