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 Levy Economics Institute Blog
Here are the keynote addresses delivered by James Galbraith (“The End of Normal”) and Robert Skidelsky (“The Future of Work”) at the 12th International Post Keynesian Conference (more videos from the conference can be found here):
Germany is celebrating: it is 25 years ago that the Berlin Wall came down, marking the end of Stasi tyranny, and much more than that. No doubt that is reason to celebrate, for Germany, Europe, and the world. As a German and European, I am celebrating too.
Alas, this is also ...
Slowly but surely a new consensus is emerging emphasizing the need for Europeâ€™s currency union to organize public investment as a means to overcome its crisis, by now in its seventh year; the outlook being truly grim. Back in July President-elect of the European Commission Jean-Claude Juncker called for a ...
The rest of the world is holding its breath as the eurozone continues wobbling along the brink of deflation. In fact, numerous member states are already experiencing what it means to let â€śitâ€ť happen again. With the region stuck in depression since 2008, Euroland authorities are writing fresh world records ...
From the foreword by G. C. Harcourt:
As I wrote in my remarks when Jan and I were the co-recipients of ...
Thereâ€™s growing pressure on Germany to spend more to support Europe â€“ and for good reason. But itâ€™s proving to be a hard sell to the countryâ€™s leaders.
Germanyâ€™s budget is balanced and the government insists that its current policy stance is the best it can do â€“ for itself, the ...
by Felipe Rezende
If youâ€™ve been tracking the news on Brazilâ€™s presidential election, you already knew that incumbent Rousseff will face Neves in a runoff election for Brazilâ€™s presidency on October 26th. The tight election reflects the perception of a downward trend of the nationâ€™s economic outlook augmented by news that ...
The chart shows, for each postwar ...
Pavlina Tcherneva was interviewed on the Real News Network about what’s behind the numbersÂ in her chart (below)Â showingÂ the increasingly inequitable distribution of income growth in USÂ economic expansions–and what we can do about it.
From Dimitri Papadimitriou today in New Geography:
Will Lindsay Lohan Save Greece?
It’s September, but island beaches from the Aegeans to Zante are still buzzing in Greece. Mykonos has been the summer’s Go-To spot for superstars and supermodels; the mainland and cities are also seeing the British and Europeans coming back.