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 - AEI (Mark J. Perry)
It’s time for another Carpe Diem quiz. Test your knowledge of recent economic news and data, most of which has been featured in recent CD posts, with this new 11-question quiz below.
The post New Carpe Diem economic news and data quiz appeared first on
Valentine’s Day 2016 is nearly here — it will be celebrated this Sunday. Like I did last year at this time, I’ll feature in this post some of the ways that an economist says “I Love You” on that special day using charts, diagrams, graphics and economic theory. Here are ...
1. Chart of the Day (above). The National Restaurant Association reported last week that its monthly Restaurant Performance Index (RPI), based on a national survey ...
… is from a radio interview with Ayn Rand in 1980, which appears in the book Objectively Speaking: Ayn Rand Interviewed (p. 249-250):
Throughout the history of Europe, the values and ideas of its people never changed on one basic point: Europe is a state-worshiping culture. It has ...
There was a lot of news last week (see reports here, here and here) when the market capitalization of technology giant Google’s stock (at $547.1 billion) temporarily surpassed Apple’s market cap of $529.3 billion on Tuesday to become the world’smost ...
Today is President Ronald Reagan’s birthday, he was born on February 6 in 1911 and would have been 105 years old today. Here are a few items to honor and celebrate the birthday of President Reagan.
1. Amazingly, in the entire history of the United ...
The Venn diagram above was inspired by Don Boudreaux’s post yesterday (“Groupthink“) on the Cafe Hayek blog, here’s an excerpt of Don responding to a a comment by Thomas Hutcheson on a prevoius Cafe Hayek post (emphasis mine):
Trade-offs exist always. No minimum-wage ...
Buried in today’s Employment Situation report from the BLS for January jobs data were these factoids and job market milestones:
1. Total US civilian employment topped 150 million jobs in January (150,544,000), for the first time ever. Previously, civilian employment in the ...
1. Chart of the Day I (above). Based on recently released international macroeconomic data from the United Nations for 2014, China was again the world’s largest manufacturing nation in 2014. China’s manufacturing output first surpassed US factory output in 2010, and ...