The revised (nominal) GDP. |
Wednesday, August 14, 2013
The Revised GDP
I think the revised GDP makes the Great Recession actually looks much worse than before.
Monday, August 12, 2013
Federal Government Consumption Expenditures: Trending Down
An Aging Labor Force
The number of workers 55 and over now out numbers the 25-34 year old crowd and it outnumbers the 35-44 year old crowd. Of course, if you combine those two age groups, there are far more workers than the 55 and over.
Labor force participation rate (green; right). Employment levels (left) - 55 and over (black), 45-54 (blue), 35-44 (purple), and 25-34 (gray). |
Just before the participation rate peaked, the number of 55 and over workers began to accelerate.
Friday, August 2, 2013
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