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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The International Monetary Fund recently cut its U.S. economic forecast the U.S., painting a bleak growth picture ahead without a major overhaul of the American economy.
Here are six charts that detail why the fund is so concerned, and the IMF’s prescriptions.[wsj-responsive-sandbox id = "0" ]
A rising share of the workforce ...
Before the government can measure the size of the gig economy — or is it the sharing economy? The digital economy? — the sector needs to be defined.
The Commerce Department recently proposed a four-part definition for what it calls “digital matching firms” and identified more than 100 businesses that ...
The United Kingdom on Thursday voted to leave the European Union, setting the stage for a protracted breakup and prolonged political and economic uncertainty. Here’s what economists and analysts are saying about the “Brexit” vote.
“Britain’s shock vote to leave the E.U. has unleashed a wave of economic and political uncertainty that ...
The outcome of the British referendum, with a majority backing a U.K. exit from the European Union, is rattling investors around the world and setting up markets for a rocky day. Here’s how some key institutions in the U.S. are likely to look at the uncertainty on Friday:
The resurgence of the housing market has been a bright spot for the U.S. economy, contributing to employment, investment and overall growth. But by many measures it remains well below historical norms, highlighting the severity of the housing bust while also factoring into low inventories and rising prices.
About two-thirds of U.S. cities have fully rebounded from the recession and are now at peak employment levels, highlighting the steady job gains and tightening labor market across wide swathes of the nation. That’s pushing wages higher in many metro areas, generating more disposable income for households and supporting spending ...
Incomes grew faster in Washington than any other state during the first quarter, largely reflecting stock grants to workers from technology companies.
Personal incomes in the Evergreen State advanced at a seasonally adjusted 1.5% during the first three months of the year compared to the fourth quarter, the Commerce Department said ...
Workers on the margins of the labor pool often get a second look as the job market heats up. After years of steady job creation, are we now at that point in the business cycle?
A new report from the Labor Department suggests the answer could be “yes.” For working-age ...