It’s been like watching a slow-motion — and entirely preventable — train wreck: extreme austerity measures aren’t leading Europe to prosperity but driving the continent’s economy into the ground. This has seemed pretty obvious for a long time, but European policy makers have seemed somehow blind to the problem.
Georgia’s unemployment rate fell to 9.0% in March, but that’s still really high. It’s going to be several years before the state recovers all the jobs lost during the recession. That number comes from a survey of households, but a…
We don’t have good data from the Great Depression, but the U.S. probably lost more than 15% of its civilian jobs from 1929 to about 1932. The jobs recovery was pretty quick from there, but then jobs were lost again…
I’ve already posted about the rather disappointing jobs report today, but I noted that there was a significant drop in the number of Americans working part-time for economic reasons, according to the survey of households. Click here to see the…
The Bureau of Labor Statistics announced this morning that 120,000 nonfarm jobs were added to the U.S. economy in March. The unemployment rate is now 8.2%, down from 8.3% a month ago. (All numbers are seasonally adjusted.) Nevertheless, this is…
The Bureau of Labor Statistics not only publishes the nationwide employment data each month, but the agency also breaks the numbers down by region and by state. Click here for the current BLS release. An excerpt: Nevada continued to record…
Job growth in Georgia is going to be a key element to watch in 2012. The state benefited in recent weeks from significant upward revisions of some of the data from late last year. I’ve been very negative about the…
The Philadelphia Federal Reserve Bank’s coincident index of economic activity for January provides a promising picture for virtually the entire U.S. From the press release: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states…
A couple of months ago, I actually sent an email to Calculated Risk hoping that he would break down the job growth numbers for both private and public employment. The most recent recession was one of the few times (other…
From the Bureau of Labor Statistics: Nonfarm payroll employment rose by 227,000 in February, and the unemployment rate was unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and businesses services, health care…
Open the post for more. Warning: two audio clips might start playing automatically; just hit pause on one or both if you don’t have ears that can juggle.
Really interesting interview this morning on Marketplace on NPR with Michigan’s governor Rick Snyder (a Republican, btw): From the transcript: Hobson: As the rest of the country looks at that and what’s happening in Michigan, I think the general sense…
It looks like the U.S. economy might be in sustained jobs recovery. That recovery might even turn out to be a significant one. Just days before last Friday’s great jobs report, I posted about a whole series of economic releases…
I periodically post information about the current state of the economy from the Federal Reserve Bank of Chicago, which publishes a monthly economic index based on 85 weighted factors, and the Federal Reserve Bank of Philadelphia, which publishes a coincident…
