January 2014 Payroll Employment
We are getting closer to the previous peak.
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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WSJ: Real Time Economics
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Almost three out of five Americans are worried about having enough gold for their golden years.
A poll released by Gallup Tuesday shows 59% of respondents were very or moderately worried about having enough money for retirement. That has been the top financial concern since the turn of the century. The ...
An analysis from economists at Goldman Sachs shows how the degree to which mortgage lending standards ease over the next few years could make for a big difference in home sales volumes.
New home sales in March posted a surprising plunge from February, dropping 14.5%, and leaving ...
Economists have been disappointed by a string of weaker-than-expected home-sales reports. Sales of existing homes dropped in March, including in parts of the country that weren’t hit by cold weather this winter. Sales of new homes, reported Wednesday, were down 13.3% from a year earlier to their lowest ...
The euro zone has seen its fair share of “angst of the week” moments over the past couple of years (to borrow a phrase used by European Central Bank President Mario Draghi).
Ultra-low inflation, or “lowflation,” as the International Monetary Fund has dubbed it, may be the latest.
The annual rate of ...
A shortage of Treasury securities is driving very strong demand for a tool the Federal Reserve is testing in hopes that it may one day give the central bank better control over short-term interest rates.
Japanese banks are becoming more insulated against losses that could emerge from a sudden rise ...
Australia’s government needs to be careful not to cut spending too deeply in next month’s budget for fiscal 2014-15, as the economy still faces major challenges, a member of the central bank’s policy board told The Wall Street Journal.
The strong New Zealand dollar may be the thing that ends up putting the brakes on the Reserve Bank of New Zealand’s tightening cycle.The dairy industry is helping New ...
A roundup of economic news on Asia and emerging markets from around the Web.
–Human Capital and Income Inequality: Literacy efforts in developing countries have helped halve the inequality in education distribution from 1950 to 2010 – yet income inequality has hardly changed. Amparo Castelló-Climent and Rafael Doménech explain why.
–China’s Currency Conundrum: Fully ...
The transition of Swedish Central Bank Deputy Governor Per Jansson from interest rate hawk to dove continues.
Minutes from the April policy meeting show he was whisker away from joining colleagues Karolina Ekholm and Martin Floden in calling for a rate cut to get Sweden’s low inflation rate moving higher.
The main ...