May 2014 Payroll Employment
After 76 months, we finally got back to the prerecession level of payroll employment.
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 .
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.
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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"Random thoughts on Politics and Economics”
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $48.3 billion in August, up $6.5 billion from $41.8 billion in July, revised. August exports were $185.1 billion, $3.7 ...
â€˘ At 8:30 AM ET, Trade Balance report for August from the Census Bureau. The consensus is for the U.S. trade deficit to be at $48.6 billion in August from $41.9 billion in July.
From Binyamin Appelbaum at the NY Times: Ben Bernanke, in Book, Blames Congress ...
This gives ...
For Neighborhood and Community malls (strip malls), the vacancy rate was unchanged at 10.1% in Q3. For strip malls, ...
From the Institute for Supply Management: September 2015 Non-Manufacturing ISM Report On BusinessÂ®
"Complaining about the decline in the overall labor force participation rate is the last refuge of scoundrels."Still true.
Here are the previous posts on the employment report:
â€˘ September Employment Report: 142,000 Jobs, 5.1% Unemployment Rate
â€˘ Employment Report Comments and more Graphs
Duration of Unemployment
----- Monday, October 5th -----
Early: Reis Q3 2015 Mall Survey of rents and vacancy rates.
10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI).
10:00 AM: the ISM non-Manufacturing Index for ...
As of June 30, 2015, Hometown National Bank had approximately $4.9 million in total assets and $4.7 million in total ...