James F Oehmke
  • Home
    • Publications
  • Contact
  • Interests
    • Up North
  • Oehmke's Economics Blog
  • Oehmke Economic Consulting
    • Cost Effectiveness Comparisons
  • Reducing African Poverty
    • Value Chains
    • Publications
    • Impact Assessment
    • Staple Foods
  • Resume

Poor job creation numbers not surprising

4/6/2012

2 Comments

 
Today's numbers show that the economy created only 120,000 new jobs in March. As I have written in this blog before, the economy is not going to start generating jobs at an impressive rate until broad money supply (M3) expands. M3 has been stagnant below 15 trillion since early in the recession, and has not shown meaningful growth over the last several months.  Given the lag between monetary expansion and economic response, even if money supply starts to expand immediately, expect job creation to be slow for the remainder of the year.
2 Comments

    James F Oehmke

    My biases are socially liberal and fiscally conservative, but I try to present objective economic analysis and interpretation in my blog.

    Archives

    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    February 2012
    December 2011
    November 2011
    October 2011

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.