Links for 2010-06-16
Three interesting figures on fuel consumption, job creation, and prospective interest rates.
Political Calculations notes the remarkable drop in U.S. per-capita fuel consumption:
Source: Political Calculations
Jeff Miller looks at the ratio of jobs created to jobs lost for (a) continuing establishments (in red) and (b) establishments either newly created or going out of business (in green), and concludes something changed after the most recent recession ended. There's either less job creation from new businesses or more job losses from liquidated firms than we'd usually expect.
Source: Dash of Insight
And, via Calculated Risk and Economist's View, Federal Reserve Bank of San Francisco economist Glenn Rudebusch notes that, according to a traditional Taylor Rule, the Fed might not raise interest rates until well into 2012:
Source: Federal Reserve Bank of San Francisco Economic Letter