September Payroll Employment
We are still 1% off the previous peak in jobs.
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 .
Focus on the Problem
U.S. payroll employment peaked at 132.5 million jobs in February 2001. For April 2012, U.S. payroll employment had reached 133.0 million jobs, marking the third month in a row above the February 2001 level.
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.
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
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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Newmark’s Door (Craig Newmark)
Willetts Point, an area of a few blocks in Queens, not only has no sidewalks but it's home to 226 auto body shops.
Spiders are apparently getting a bum rap.
If most historical and modern spider stories are to be believed, it would appear that these creatures spend their time plotting assaults on your delicious human flesh. But Iâm here to tell you they emphatically do not.
Could the ones in Mississauga, Canada have gotten governmental approval in the U.S.?
Nevertheless, at all three Bay Area schools, one popular tailgate discussion topic remains the issue of whether the NCAA should just drop the hypocrisy and allow big-time programs to pay athletes a stipend or salary of several thousand dollars. One argument ...
If it really does what it's supposed to do, I'd probably buy it. (But it's not scheduled to be available until next fall.)
The AIRO is described by its creators as a âsleek wristbandâ with the ability to instantly analyze stress patterns, sleep quality and the amount ...
But in one century, everything was changed. Sweden had the fastest economic and social development that its people had ever experienced, and one of the fastest the world had ever seen. Between 1850 and 1950 the average Swedish ...
Syllabi and lecture notes.
"F**k Jared Diamond". (Gated.)
Related: an anthropologist summarizes some of the reviews of Diamond's recent book.
Spot on: a lot of charity, whether public or private, is designed to make the givers feel better, consequences for the recipients be damned.
The result of these exchanges reminds me of the "Jesus Comes at Christmas" trips our family would take to some of the relatively poor ...