January 2014 Payroll Employment
We are getting closer to the previous peak.
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
After two months in which the monthly jobs report fell far below expectations, analysts weren’t expecting very much out of February’s numbers before they came out this morning. In addition to the fact that it’s the shortest ...
The agency that appears to be Canada’s equivalent to the Federal Communications Commission is apparently concerned that Canadian erotica channels are not broadcasting enough Canadian porn:
For failing to broadcast sufficient levels of Canadian-made pornography — and failing to close-caption said pornography properly — a trio of Toronto-based erotica channels ...
Eric Katz of Government Executive points to “The Incredible Shrinking Pay Raise in One Chart.”
Earlier this week, President Obama announced that he will propose a 1 percent raise for federal employees in 2015.
If adopted by Congress, the raise would mark the second consecutive ...
Today’s speech by Secretary of Defense Hagel previewing the new Pentagon budget has consumed most of my day. The first piece of that is out now at Defense One under the title “
A provocative piece in The Economist tries to explain the “productivity puzzle” which is manifesting itself in different ways among the Western economies. In short form, “R.A.” argues that, “because we rely ...
After a months long effort, the United Auto Workers union has apparently failed in its efforts to unionize at a Volkswagen plant in Chattanooga,Tennessee:
CHATTANOOGA, Tenn. — In a defeat for organized labor in the ...
For some time now, we’ve seen signs that sales of smartphones were beginning to dominate the cell phone market not just in the United States but throughout the world. In a new report, it would appear that we ...
At least based on market value, Google has now passed Exxon Mobil as the nation’s second most valuable company:
Google passed Exxon Mobil on Friday to become the second largest company in the United States by market value.
The search ...
Going into today’s release of the January Jobs Report, consensus estimates from economists and market analysts tended to agree that we’d see job growth in the neighborhood of roughly 180,000 net new jobs added in the first month of ...
RadioShack (apparently the company eliminated the space years ago), a name that seems more closely associated with an era when Americans bought Citizen’s Band radios, Walkie Talkies, and “boom boxes,” announced yesterday that it was closing 500 ...