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 has been a lot of media and pundit commentary about Brexit, here’s a roundup of some comments that I think are especially interesting and illuminating:
1. John Bolton writing in the Boston Globe, “Brexit Victory Is a True Populist Revolt” (emphasis mine):
During 43 years of British EU membership, UK ...
Here’s the abstract (emphasis added) from a recent research paper titled “Equal but Inequitable: Who Benefits from Gender-Neutral Tenure Clock Stopping Policies?” by three economists Heather Antecol (Claremont McKenna College), Kelly Bedard (UC-Santa Barbara), Jenna Stearns (UC-Santa Barbara):
Abstract: Many skilled professional occupations are characterized by an early period of ...
What would happen if “Based Mom” sat down with “Based Goddess” for an hour to discuss modern-day feminism? No need to speculate—here’s the full one-hour interview (with bonus content!) featuring Factual Feminist Christina Hoff Sommers and Camille Paglia, professor at The University of the Arts. In ...
…. is from Thomas Sowell writing in 2012:
The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a ...
There’s a new website called “Launch My Career Colorado” that went live on June 10 and is a first-in-the-nation, interactive web tool that ...
The title of this San Jose Mercury News article sums it pretty well — “California’s skyrocketing housing costs, taxes prompt exodus of residents,” here’s more:
Living in San Jose, Kathleen Eaton seemingly had it all: a well-paying job, a home in a gated community, even the Bay Area’s temperate weather. ...
1. Chart of the Day I (above). I posted a chart last week on CD showing the precipitous decline in US newspaper advertising revenue, and am ...
1. Chart of the Day I (above). Based on newspaper data released yesterday by the Pew Research Center (“Newspapers: Fact Sheet“) including figures for annual newspaper advertising ...