Friday, November 7, 2014

Unemployment down to 5.8 percent

Employment rose by 214,000 in October, and the unemployment rate fell to 5.8% according the last BLS report. The good news is that the labor force participation rate didn't change much since April. 
Hence, the employment-population ratio edged up to 59.2 percent in October, as can be seen above. Yep, still really low.

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Functional Finance, MMT and Blanchard's Presidential Address

So Olivier Blanchard gave the AEA presidential address at the Atlanta meetings earlier this year. If you missed it you can watch it here . ...