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Business Cycles

European ‘Project’ Not Irreversible, New Paper Says

There is still a modest risk that a weak economy and rising political dissatisfaction could unravel Europe’s currency union, despite gradual, halting progress toward further integration there, according to new research.
In what the authors dub the eurozone’s Catch-22, they say widespread support for the euro itself masks a lack of momentum toward further political cohesion among the 18 states that use the currency.


Source: http://blogs.wsj.com/economics/2014/09/11/european-project-not-irreversible-brookings-conference-paper/?mod=WSJBlog

Charting Historical Jobs Recoveries: This Time Is Different

The current jobs recovery is the longest on record, but remains far from the strongest.
Private-sector employers in the U.S. have increased payrolls for 54 straight months. That streak is unmatched in Labor Department records back to 1939—a fact the White House is very happy to celebrate. 


Source: http://blogs.wsj.com/economics/2014/09/05/charting-historical-jobs-recoveries-this-time-is-different/?mod=WSJBlog
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