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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Outside the Beltway
Two years ago, we apparently came alarmingly close to an event that we could not have possibly avoided which would have had widespread devastating consequences:
On July 23, 2012, the sun unleashed two massive ...
Ticket collectors at Southwest Airlines are our first line of defense.
GMA (“Family Booted Off Southwest Airlines After Dad Tweeted About ‘Rude’ Gate Agent“):
A Minneapolis man said ...
The Federal Aviation Administration has halted all flights from the U.S. to Israel for 24 hours in response to a rocket attack near Ben Gurion Airport:
Major American airlines stopped flying to Israel on Tuesday after a rocket fell near Ben-Gurion International Airport outside Tel Aviv, and after the ...
Yesterday’s tragic attack on Malaysia Airlines Flight 17 in the skies over eastern Ukraine has led many people to wonder why planes were flying over disputed territory to being with. After all, even though it’s apparently ...
Confirming a rumor that has actually been circulating in the business news world for some time, The New York Times reported this morning that Rupert Murdoch’s 21st Century Fox made a bid to acquire Time Warner, a bid ...
French anthropologist Emmanuel Todd argues “There is no such thing as Europe” because the English-speaking and Scandinavian countries are so culturally different from the rest of the Continent.
Last week, Google began the process of erasing links from its search engines in Europe in order to comply with a May ruling from the European Union’s highest courtthat essentially created out of ...
At the Monkey Cage, Joshua Tucker applies game theory to argue that LeBron James ought choose which team he signs with quickly.
First, let’s make some simplifying assumptions, as all game theoretic models ...
A free trade zone between the United States and the European Union is a no-brainer. But the devil is in the details.
Chances are the fireworks that you may enjoy later today aren’t exactly red, white & blue:
On Independence Day, celebrations across the United States depend on China.
The sparklers, bottle rockets and Roman ...