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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Carpe Diem (Mark J. Perry)
"Mark J. Perry’s Blog for Economics and Finance”
There’s been a lot of attention paid recently to the issue of “campus sexual assaults” and some of the media including Katie Couric, the Washington Post, the Associated Press, and MSNBC, along with ...
1. September Auto Sales. Vehicle sales this year of 16.34 million units on a seasonally adjusted, annual rate (SAAR) was the September sales month since 2006, when 16.42 million units were sold.
2. Restaurant Sales. Driven by stronger same-store sales and customer traffic levels and a more optimistic outlook among ...
1. Here’s what you can buy in Flint, Michigan for $425,000 (pictured above):
Gorgeous historic home in Flint’s most prestigious neighborhood! Impressive marble Foyer, beautiful hardwood floors throughout, crown molding, paneled Library with french doors. Huge master suite with cozy ...
The Council of Graduate Schools (CGS) recently released its annual report recently on US graduate school enrollment and degrees for 2013, and here are some of the more interesting findings in ...
The Energy Information Administration (EIA) released new state crude oil production data yesterday for the month of July, and one of the highlights of that monthly report is that oil output in America’s No. 1 oil-producing state – Texas ...
1. From Margaret Wente’s article “The New Campus Sex Puritans” in the Globe and Mail:
Sixty years ago, sexual behavior among the young caused deep alarm among the puritanical religious right. Today, it causes deep alarm among the puritanical progressive left. Like their forebears, they are doing their best ...
The Energy Information Administration (EIA) released new data this week on international energy production for the month of June, and here are some highlights of that update:
1. For the 20th month in a row starting in November 2012, “Saudi ...
Here are some questionable statistics about CEO pay that we learn about from the AFL-CIO’s Executive Paywatch webpage:
1. In 2013 the CEO-to-worker pay ratio was 331:1 and the CEO-to-minimum-wage-worker pay ratio was 774:1. America is supposed to be the ...
Quite a lot, as James Courtovich explains in today’s Wall Street Journal – they are both examples of pro-consumer, innovative, disruptive, superior and cheaper alternatives to entrenched, bureaucratic, unionized, and anti-consumer/student, status quo monopoly providers. In words, both Uber and school choice provide better, low-cost alternatives to transportation and ...