Around The Dial – July 18, 2011
Economic policy reports, blog postings, and media stories of interest:
- Gillian Tett describes various sorts of economic and political complacency.
- Derek Thompson points out that U.S. firms don’t create jobs like they once did.
- David Leonhardt describes the “fizzling of the great consumer bubble.
- Paul Krugman doesn’t think it makes sense to “go easy on the bankers.”
- Economix explains “how the budget war was framed.”
- Nouriel Roubini tells of “the Eurozone’s last stand.”
Who Benefits From Government Spending?
You do, though you probably don’t realize it [via Rortybomb].
Job Openings In May 2011
From the Economic Policy Institute’s analysis of the May version of the Job Openings and Labor Turnover Survey (JOLTS) …
The total number of job openings in May was 3.0 million, and the total number of unemployed workers was 13.9 million. The ratio of unemployed workers to job openings was 4.7-to-1 in May, as it was in April. The job seekers ratio has been above 4.3-to-1 for 29 consecutive months, meaning that for nearly two-and-a-half years, there has been no available job for at least three out of four unemployed workers. In the last recovery, which followed the 2001 recession, the ratio of unemployed to job openings never exceeded 2.8-to-1.
Around The Dial – July 15, 2011
Economic policy reports, blog postings, and media stories of interest:
- Simon Johnson asks if bank examiners are responsible for slow growth.
- Fed Watch wonders about the possibility of QE3.
- The Charlotte Observer reports on Wachovia’s lobbying to get bailed out.
- Paul Krugman thinks people are “waking up and smelling the crazy.”
- Marshall Auerback argues that Barack Obama is a “Tea Party president.”
America’s Shrinking Cities
The PBS NewsHour reports on the contraction of the City of Cleveland’s housing stock and efforts to put empty properties back to use.
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