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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Mish’s Global Econ. Trend Analysis
"Thoughts on the great inflation/deflation/stagflation debate as well as discussions on commodities, currencies, interest rates, and policy decisions that affect the global markets.”
First a few notes ....
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Link if video does not play: State is an Institution of Theft
Transcript - Godfrey Bloom - Member of European Parliament
Proven a liar, Clapper ...
The president of the Fund for Orderly Bank Restructuring (FROB), Fernando Restoy, said "resolution does not guarantee recovery of all public support".
Jobs vs. Employment Discussion
Before diving into ...
Some of the skew in last month's job report related to the government shutdown was taken back today, as expected. The labor force stats and participation rate were exceptions, and details reveal much weakness.
Last month employment fell by 735,000 due to the shutdown, this ...
The best I can hope for is Japanese citizens are disgusted enough to boot their fascist, economically illiterate prime minister before its too late.
Unfortunately, I highly doubt that happens.
We have an exciting lineup of speakers for this year's conference.
John Hussman: Founder of Hussman Funds, Director of the John P. Hussman Foundation which ...