With the September employment release, average monthly employment figures over the last four months is 120.5 thousand, versus the three month average as of the August release of 94 thousand. Furthermore, taking into account the preliminary benchmark revision for March 2012, one sees that not only is the trajectory higher, so too is the level of employment.
At Long Last, One Member of the 47% Where He Belongs!
Keynesians in the Congressional Research Service!
Or, more accurately, non-New Classicals in the CRS
Natural gas for transportation
As President Obama and Governor Romney prepare for the first presidential debate this evening, I thought I would offer my vision of where our nation’s leaders should try to take the country.
Imminent Recession?
So says David Malpass in the WSJ:
“Lost Decades”: Reality versus the Fantasy of Easy Fixes
The paperback edition of Lost Decades is officially released as of today.
Benchmark Revisions and Nonfarm Payroll Employment since January 2009
The BLS released preliminary annual benchmark revisions for March 2012. Nonfarm payroll series and private nonfarm payroll series, in logs, normalized to 2009M01, are shown below; adding on the revised levels for March 2012 yields the series shown in red.
The Employment Situation in Governor Walker’s Wisconsin in 2012: “Grim”
From IHS-Global Insight, “U.S. Regional – Perspective Article: Swing States: Wisconsin,” 9/24/2012:
China’s economic slowdown
As Niels Bohr (and others) observed, prediction is difficult, especially about the future. But if the challenge is predicting the number of 20-year-olds 5 years from now, you can get a pretty darn good start if you know the number of 15-year-olds right now.
Lost Decades: Two Years Later
The paperback edition of Lost Decades (W.W. Norton) is to be officially released October 1st. This seems as appropriate a juncture as any to assess the predictions Jeffry Frieden and I wrote almost two years ago.