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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
WSJ: Real Time Economics
"Economic insight and analysis from the Wall Street Journal.”
The head of the International Monetary Fund on Tuesday questioned whether Greece still needs debt relief, saying that a review of the country’s economy in the coming weeks would determine if Athens’ debt stock is sustainable without help from creditors.
Cities in the southeastern U.S. have the biggest share of consumers with unpaid debt, a new report says.
Germany’s global image is better than ever. Industry is booming, unemployment is at a record low since reunification and, to boot, the country just took home its fourth World Cup title.
The Federal Reserve‘s meeting Tuesday and Wednesday is more about the future than the present.
Policy makers will be debating the appropriate time to begin raising interest rates, as well as the best tools to use when that time comes. But don’t expect them to reveal details of those discussions in ...
The “virtuous cycle” for Japan’s economic recovery seems to be spinning a little slower these days.
That doesn’t necessarily mean the grand Abenomics experiment is faltering. ...
The Wall Street Journal’s Daily Report on Global Central Banks for Tuesday, July 29, 2014:
HighlightsHilsenrath’s Take: Tame Inflation Expectations a Trump Card for Fed’s Doves New Bank of England ...
The Bank of Korea’s dovish shift has been officially put on record.
On Tuesday, minutes of the central bank’s July 10 policy board meeting revealed Chung Hae-bang as the first board member in over a year to oppose a decision to keep rates on hold.
“A comprehensive review of recent conditions shows ...