September Payroll Employment
We are still 2% 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?
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A novel means of financing has been proposed by an investment banker and Buffalo Bills fan, Steven Brady. The idea is to finance an anticipated purchase of the team from 92 year old owner Ralph Wilson with “Bills Bonds”, which would pay below market interest as long as the team ...
Here’s Arsene Wenger, via Duncan White in the Telgraph:
“What the statistics have done, is that they have kicked out of the game all the players who cannot run. Suddenly the English level is much higher. You play against a team and you know it.”Where Wenger has really noticed the ...
Most NFL writers trashed Vince Young’s after his shoulder-pad throwing, walking out on Jeff Fisher blowup on Sunday. The grilling ranged from moderate such as SI.com’s Peter King
And though Young’s played better this year (10 touchdown, three interceptions), I get the sense the coaching staff has tired ...
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…Senior director of merchandising and licensing Kurt Schloss declined to specify financial goals. He says the aim is attracting fans downtown during ...
I’m shocked, shocked I say that this would happen in a case with a publicly-subsidized sports stadium.
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The above students had the nerve to put their Rose Bowl tickets up for ...
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Qatar beat out the U.S. for the right ...
Two years ago, I dissed the hiring of Gene Chizik by Auburn. I didn’t predict failure but highlighted how poorly his track record fit the hiring of a relatively premier job.
On the downside, and the very, very unusual aspect of this hire is Chizik’s performance as a head coach. ...