EconoMonitor

Ed Dolan's Econ Blog

Archive for December, 2014

  • Update: By One Measure, It’s Now Cheaper to Drive Than Ever Before

    In August, I posted an item showing how many miles you could drive your car on an hour’s wages. At that time, the average US price for gasoline was $3.60 per hour. Based on an average wage for production and nonsupervisory workers of $20.61 per hour and an average fleet economy of 24.3 miles per […]

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  • What Lies Behind the Plunge of the Ruble?

    Russia’s economy is in trouble. Growth has come to a halt. A recession looms in 2015. Inflation, interest rates, and capital flight are up. The government’s budget is under strain. More than any of these, what makes the headlines is the plunge of the ruble, which, at one point in mid-December, had lost half of […]

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  • As Jobs Surge, Term Structure of Unemployment Remains Distorted

    The US economy added 321,000 payroll jobs in November, the best in almost three years. Strong upward revisions to September and October numbers boosted the 12-month gain to 2,756,000, a new high for the recovery. The official unemployment rate was unchanged at 5.8 percent. The broad unemployment rate, U-6, which takes into account discouraged workers […]

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