Apparently this is the HOT job in California. Over the last 12 months, the number of licensed real estate agents in California has climbed 14% to almost 450,000. Here is the year over year percentage growth in Real Estate agents by quarter. Click on graph for larger image. Maybe California needed more agents. Here is […]
My updates of the labor force participation rate (LF) and the employment to population rate (EP) will have the starting date being January 1997 in part due to my desire to say thank you to James Hamilton. James nicely summarizes my view nicely: The primary concern seems to be that, although the unemployment rate has […]
This question comes from Tom Nugent writing for the National Review: One would think that the Chinese were doing something illegal. But in reality, many countries do exactly what the Chinese are doing, and yet Congress could care less about these other currency “manipulators.” In fact, in targeting China alone, one wonders if some members […]
Production of tequila hit an all-time high. This news reminds me that I have not enjoyed a tequila sunrise for quite a while. So it’s time to go to Ralph’s and purchase some Florida orange juice to go with this Mexican liquor. Have an enjoyable weekend!
The June employment report can be found here. Payroll employment grew by 146 thousand. With a similar estimated increase per the Household Survey, employment growth matched population growth with the employment to population ratio remaining at 62.7%. Now you may have heard that the unemployment rate fell from 5.1% to 5.0% and wondered if that […]
Jonah Goldberg comments over at NRO’s The Corner is turning out to be an efficient ways of keeping up with the right’s reaction to the possibility that Karl Rove leaked the identity of Valerie Plame as a CIA operative. At first, it was denial. Now Mr. Goldberg has evolved to the “so what” stage. In […]
I guess we should not be surprised that the National Review is expressing jingoist noises, but I found Andrew McCarthy’s It’s War, or Isn’t It interesting on a couple of levels. One is that most of us in this nation and in Europe have realized there is a war against Al Qaeda since September 11, […]
In the wake of this morning’s horrible terrorist attacks in central London, it’s natural to notice that the terrorists chose to target London’s financial and tourist industries. In that respect, this attack was very much like the attack on the World Trade Center. But what are the economic effects of such attacks likely to be? […]
The terrorists have now hit London, which leaves me speechless. I’m suspecting that John Gibson would like to retract what he said yesterday: Paris was exactly the right place to pick and the Olympic committee screwed up. Why? Simple. It would have been a three-week period where we wouldn’t have had to worry about terrorism. […]
Today’s news of increased layoffs raises the question of why the Federal Reserve is allowing short-term interest rates to rise. David Altig and Mark Thoma offer the explanation that perhaps the Federal Reserve believes we are near full employment so that if the Federal Reserve allows aggregate demand growth to outstrip the increase in potential […]