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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Here is the unofficial problem bank list for August 2016.
Changes and comments from surferdude808:
Update on the Unofficial Problem Bank List for August 2016. During the month, the list declined ...
Note: There were 26 selling days in August, the same as in August 2015.
From WardsAuto: Forecast: U.S. Light Vehicles Sales Weaken in August
A WardsAuto forecast calls for August U.S. light-vehicle sales to reach ...
The new home sales report for July was very strong at 654,000 on a seasonally ...
Looking ahead, the FOMC expects moderate growth in real gross domestic product (GDP), additional strengthening in the labor market, and inflation rising to 2 percent over the next few years. Based on ...
Real gross domestic product increased at an annual rate of 1.1 percent in the second quarter of 2016, according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.8 ...
CR Note: It was an awesome trip, but it is great to be home. I'll be posting some catch-up graphs and comments on new and existing home sales tomorrow. Best to All.
â€˘ At 8:30 AM ET, Gross Domestic Product, ...
The DOL reported:
In the week ending August 20, the advance figure for seasonally adjusted initial claims was 261,000, a decrease of 1,000 from the previous week's unrevised level of 262,000. The 4-week moving average was 264,000, ...
Existing Home Sales (SAAR): NAR, 5.39 million; LEHC, 5.41 million; â€śConsensusâ€ť, 5.52 million
Inventory of EHS for Sale: NAR, 2.13 million; LEHC, 2.14 million.
YOY % ...
From the NAR: Existing-Home Sales Lose Steam in July
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.2 percent to a seasonally adjusted annual rate of ...
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Associationâ€™s (MBA) Weekly Mortgage Applications Survey for the week ...