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01
Dec
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Total civilian employment has been setting records for new highs over the course of this expansion. The number you see here is the latest. The question is how many more will be posted before we see the end of the expansion? Stay tuned. Subscribe now!

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28
Nov
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This series continues to run at a high level, as well it should given the progress we have made in both raising the level of employment and decreasing the level of unemployment. The October move was down slightly from what is currently the highest reading of the expansion. Subscribe now!

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27
Nov
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The question now is what does this chart really mean in terms of the future of economic activity and monetary policy. We have a low unemployment rate at the same time as we have a low labor force participation rate and slowly rising wages. This is not the configuration of those three series we have […]

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22
Nov
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The size and the gain of employment were perfectly consistent with what we should expect at this part of the cycle. Think of this as Alabama covering a 30 point spread. For those of you not of a football persuasion, that last comment referred to the number one ranked college football team beating an opponent […]

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