What’s up with the labor market?

The latest numbers for the national labor market came out this morning and they look good.  The headline figures: 4.9 percent unemployment and 242,000 jobs created in February. There’s lot of detail that gets overlooked in the headlines, so let’s take a look at a couple additional measures; the complete release is available here. Headline unemployment versus other measures  (click to … [Read more...]

Econ in English: Tax policy

Tonight is my second Econ in English session of the semester.  I spend 10-15 minutes putting an economic issue into context (e.g. tax policy, the role of the Federal Reserve) and then another 45-50 minutes answering audience questions on the topic.  I enjoy it and invite anyone (not just CSB|SJU community members) to join us. Here is one of the pictures I'll use tonight: If you want to … [Read more...]

Don’t think

I like to keep particular books near me when I’m working. I find their presence comforting even when I don’t open them for months at a time. As they often do, one of these books jumped out at me yesterday: Breakfast at the Victory: The Mysticism of Ordinary Experience, by James P. Carse.  In the opening essay, Carse tells the story of the Victory Luncheonette; the essence of the story is in … [Read more...]