Category Archives: US economy

This category considers blogs that specifically analyse the US economy.

When economists ignore the elephant called reality and applicability

I have sat through many economic seminars in my time where there is a sense of suspended reality necessary so the presenter can run through the exercise of bringing their latest research idea to the academic community. This suspended reality … Read the rest of this entry »

Posted in Eurozone, Japan, US economy | 25 Comments

US labour market – poor results – not close to full employment

On June 6, 2017, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – May 2017 – which showed that total non-farm employment from the payroll survey rose by just 138,000 in … Read the rest of this entry »

Posted in Labour Force, US economy | 8 Comments

Being lectured about the problem by those who created the problem

There are many examples of high profile players in the political arena trying to revise history and reinvent themselves to suit the new climate they are operating in. Tony Blair is a notable example in recent months where he sought … Read the rest of this entry »

Posted in Fiscal Statements, Framing and Language, US economy | 17 Comments

US labour market continues to improve but a jobs deficit remains

On May 5, 2017, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – April 2017 – which showed that total non-farm employment from the payroll survey rose by 211,00 in April … Read the rest of this entry »

Posted in US economy | 3 Comments

The poor are getting poorer in the US

Yes, the ‘politics of envy’. That is one of the epithets that the neo-liberal apologists use to defend the fact that the top-end-of-town are increasingly seizing the major proportion of any growth in wealth. They claim that shifts in the … Read the rest of this entry »

Posted in US economy | 10 Comments

Common elements linking US and UK economic slowdowns

Last week, the British Office of National Statistics (ONS) released data that revealed that quarterly growth in real GDP dropped to 0.3 per cent in the March-quarter 2017, down from 0.7 per cent in the December-quarter 2016. Household consumption growth … Read the rest of this entry »

Posted in Eurozone, UK Economy, US economy | 4 Comments

German trade surpluses demonstrate the failure of the Eurozone

The election of Donald Trump has stirred up the IMF and Germany, in particular. Trump’s trade advisor has claimed that Germany is manipulating the currency to maintain its competitiveness. A more general view is that the massive German external surplus … Read the rest of this entry »

Posted in Eurozone, US economy | 8 Comments

US labour market – hard to read at present but probably improving

On April 7, 2017, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – March 2017 – which showed that total non-farm employment from the payroll survey rose by only 98,000, a … Read the rest of this entry »

Posted in Labour Force, US economy | 2 Comments

Even more evidence that the US labour market is below full employment

Regular readers will know that I have been investigating how close the US is to full employment, given that various commentators and conservative types have been trying to claim it is and that, as a result, the US government should … Read the rest of this entry »

Posted in Japan, Labour Force, US economy | 8 Comments

More evidence that the US labour market is not at full employment

Regular readers will recall a few of my blogs where I have demonstrated that the US economy is still nowhere near to what one might call full employment, even though that concept is highly contested and can span a range … Read the rest of this entry »

Posted in Labour Force, US economy | 3 Comments