Category Archives: US economy

This category considers blogs that specifically analyse the US economy.

Travelling across the world today to escape the famine that MMT will cause

I am travelling all day today and I will resurface, in blog terms, on Monday. A quiz will pop up tomorrow as usual. For now a brief excursion into the Dutch press, which has decided to join the wannabees attacking … Read the rest of this entry »

Posted in Admin, Britain, Green New Deal, Music, US economy | 15 Comments

US labour market weaker than it was at the end of 2018

Last week’s (March 8, 2019) release by the US Bureau of Labor Statistics (BLS) of their latest labour market data – Employment Situation Summary – February 2019 – is a little hard to believe and shows the sampling variability involved … Read the rest of this entry »

Posted in Labour Force, US economy | 10 Comments

The erroneous ‘lets have a little, some or no MMT’ narrative

It is Wednesday – so just a few observations and then we get down a bit dirty (funky that is). Today, I consider the GND a bit, critics of MMT, Japan, and more. Never a dull moment really. I didn’t … Read the rest of this entry »

Posted in Central banking, Economics, Fiscal Statements, Framing and Language, Japan, MMT Textbook, UK Economy, US economy | 55 Comments

US labour market continues to improve but ‘middle class’ jobs disappearing

Last week’s (February 1, 2019) release by the US Bureau of Labor Statistics (BLS) of their latest labour market data – Employment Situation Summary – January 2019 – showed that total non-farm payroll employment rose by 304,000 and the unemployment … Read the rest of this entry »

Posted in Labour Force, US economy | 3 Comments

US labour market remains fairly robust

Last week’s (January 4, 2019) release by the US Bureau of Labor Statistics (BLS) of their latest labour market data – Employment Situation Summary – December 2018 – showed that total non-farm payroll employment rose by 312,000 and the unemployment … Read the rest of this entry »

Posted in Labour Force, US economy | 2 Comments

The so-called euro stability spawned banking system that caused havoc

In yesterday’s short blog post – Some Brexit dynamics while across the Channel Europe is in denial (January 2, 2019), I noted that various European Commission officials were boasting about how great the monetary union had been over the last … Read the rest of this entry »

Posted in Britain, Central banking, Eurozone, UK Economy, US economy | 7 Comments

US Federal Reserve decision exposes moral bankruptcy and incompetence

On December 19, 2018, the Federal Reserve Bank Open Market Committee (FOMC), which determines the monetary policy settings in the US, increased the policy interest rate by 25 basis points to 2.5 per cent, as part of its plan to … Read the rest of this entry »

Posted in Britain, Central banking, Japan, National Accounts, UK Economy, US economy | 19 Comments

US labour market moderated in November and considerable slack remains

Last week’s (December 7, 2018) release by the US Bureau of Labor Statistics (BLS) of their latest labour market data – Employment Situation Summary – November 2018 – showed that total non-farm payroll employment rose by 155,000 and the unemployment … Read the rest of this entry »

Posted in Climate change, Labour Force, US economy | 3 Comments

US labour market continues to improve but questions remain

Today is the mid-term elections in the US and it seems that the media is focused on how many seats the Democrats will win. As a progressive this doesn’t particularly interest me much given that the claims the Democrats have … Read the rest of this entry »

Posted in Labour Force, US economy | 4 Comments

US growth robust but doubts remain

Last Friday (October 26, 2018), the US Bureau of Economic Analysis published their latest national accounts data – Gross Domestic Product, 3rd quarter 2018 (advance estimate) , which tells us that the annualised real GDP growth rate for the US … Read the rest of this entry »

Posted in National Accounts, US economy | 9 Comments