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?
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Rossputin (Ross Kaminsky)
"Rossputin.com: Rational Thinking About Our World”
“Life, Liberty, and the Pursuit of Happiness”
On Tuesday afternoon, in yet another example of Barack Obama’s inability to start a presentation (much less a giant website) on time, the president defended the disastrous health care law that is colloquially named for him and asked for help to “spread the word” about the law’s purported benefits.
Obama began ...
I’ve had fairly good fortune – or maybe fairly good judgment – on almost always having gotten into business with stand-up people whose word was their bond, and who didn’t look to make a buck by mistreating their partners/investors.
A recent event, however, offers a word of caution, not just for ...
Since Oprah Winfrey was in London to promote "The Butler," a movie which depicts its subjects so dishonestly on the subject of race that Michael Reagan — who personally knew the film's key protagonists — called it "The Butler from Another Planet," it's not surprising that she would sputter ...
One of the ads below is a real ad for Obamacare. OK, it's not that hard to choose which is real, but it's pretty scary that either one is...they might as well both be.
Link to ...
I am slightly grateful for Obamacare.
It’s not going to cause a 21st Century Great Awakening toward the perils of Leviathan government. If history is a guide, any such increase in citizens’ focus on the harm done by politicians will likely be temporary, given Americans’ short memories in the face of ...
President Obama’s Thursday press conference about a proposed “administrative fix” to the disaster that is Obamacare had the feeling of the last air leaking out of the “hope and change” party balloon.
Giving typically rambling and somnolent answers to simple questions, President Obama dodged and stink-faced while offering the occasional “it’s ...
Yes, liberals are making a mess of this once-great state, but when I drive home from work and see this just off my driveway, it’s hard not to love it here....
Much of the out-of-state attention paid to Colorado in Tuesday night’s elections was in regard to the fundamentally unrealistic ballot measures in 11 counties to secede from the state and create a 51st state called North Colorado. To be more precise: The fact that the votes are happening represents ...
Today, the first-ever program-wide reduction in the Supplemental Nutrition Assistance Program (“SNAP”), also known as food stamps, will take place. The reduction amounts to $5 billion out of a program that spent nearly $80 billion in the most recent fiscal year, more than double what food stamps cost ...
The Obama administration is beginning to resemble a damaged car windshield: A small ding from an unexpected flying pebble turns into a spider web of cracks, leaving the windshield difficult to see through and dangerously unstable.
Given the years of failure of both domestic and foreign policy, and the many real ...