Database Maintenance 7/4/15
Routine database maintenance will induce some duplicated items for the next day or two.
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
In the wake of the impressive win of the U.S. Women’s National Team on Sunday, Mary Pilon at Politico raises a point that I’ve seen repeated in other venues over the past two days, namely that ...
Greek voters went to the polls today and overwhelmingly rejected the bailout deal that had been proposed by European officials, likely setting their nation up for further economic turmoil:
ATHENS — Greeks delivered a shocking ...
The June Jobs Report, released a day early today due to the impending 4th of July Holiday Weekend, follows the pattern of many recent reports in that it is good news, but hardly anything spectacular:
Total nonfarm payroll ...
Three days after closing banks and the Athens stock exchange, and after defaulting on a payment to the International Monetary Fund that was due yesterday, Greece’s Prime Minister appears to be signaling that he’s ...
The day after it handed down its last opinions, the Supreme Court announced that it had accepted several new cases for review in the upcoming term, including a case involving public employee unions ...
Following up on the disputes with Univision that arose in the wake of Donald Trump’s derogatory comments toward Mexican immigrants, NBC Universal has cut its ties with Donald Trump:
Amid mounting public pressure, NBCUniversal announced Monday that ...
I honestly haven’t been paying much attention to the latest round of negotiations between Greece and European lenders, but it would appear that things are about to get very, very serious:
ATHENS — Greece will ...
Donald Trump’s comments about Mexicans during his announcement speech last week are having financial repercussions:
Univision is canceling its telecast of the Miss USA pageant, an event partially owned by Donald Trump, to protest Trump’s offensive ...
The final revision to Gross Domestic Product for the first three months of the year showed that the economy did indeed shrink, but at a slower rate than reported in earlier reports:
While nothing to brag about, the economy’s performance in early 2015 was not quite as bad as ...
The Confederate battle flag is suddenly toxic.
CNN (“Walmart to stop selling Confederate flag merchandise“):
Walmart, the country’s largest retailer, will remove all Confederate flag merchandise from its stores, the company told CNN Monday.
The announcement is the latest indication ...