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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"Economists on Environmental and Natural Resources: News, Opinion, and Analysis”
"Has Exxon been funding these organizations?" she asked.
"Well, the answer is yes," [Kenneth Cohen, ExxonMobil's VP of Public and Government Affairs] replied. "And I will let those organizations respond for themselves."
Putting aside the fact that no one from any of the denier groups was on the program, Cohen's admission ...
Definition: Goods A and B are complements if as the price of good A falls (rises), the demand for good B increases (decreases).
Example: Automobiles and gasoline
Evidence: From the Wall Street Journal
John C. Whitehead (@johnwhitehead81) tweeted at 3:08 PM on Sat, Nov 21, 2015:
The unofficial AERE (Sat) happy hour will commence soon after the last AERE session #SEANola15
For the first time in more than four decades, more Mexican immigrants are returning to their home country than coming to the United States, according to a report released Thursday.
Describing the precaution as a financially prudent decision for all households, a panel of the nationâ€™s top economists recommended Wednesday that Americans set aside money from each paycheck so they will be ready in the event Dire Straits reunites for a tour. â€śWe suggest placing a ...
And, as always, Matt Kahn makes a timely suggestion:
In the past, I've done some writing on social capital and civic engagement. I just put the theory to the test by volunteering to serve on USC Econ's PHD Admissions Committee. USC Economics is world renown for its excellence ...
October's temperature was the most above-normal month in history. It was 1.76 degrees Fahrenheit (0.98 degrees Celsius) above the 20th-century average.
Not like the brazen giant of Greek fame,
With conquering limbs astride from land to land;
Here at our sea-washed, sunset gates shall stand
A mighty woman with a torch, whose flame
Is the imprisoned lightning, and her name
Mother of Exiles. From her beacon-hand
In March 2003, soon after the U.S. invaded Iraq, a news outlet predicted the war would be a colossal disaster that would ultimately destabilize the Middle East and fuel the rise of anti-Western forces willing to die for a fundamentalist cause.