Money Supply – August 2009

money-supply-growth-august-2009
Click on image to enlarge.

The true money supply has fallen from $2,157 billion in July 2009 to $2,140 billion in August 2009, a drop of $17 billion. Compared to one year ago it has still grown by 13.6% but the growth rate is coming down from recent highs.

This is a chart of the money supply itself, on a monthly basis:

money-supply-august-2009
Click on image to enlarge.

Related Posts:

US Unemployment at 16.8 Percent

The BLS Reports:

In August, the number of unemployed persons increased by 466,000 to 14.9 million, and the unemployment rate rose by 0.3 percentage point to 9.7 percent. The rate had been little changed in June and July, after increasing 0.4 or 0.5 percentage point in each month from December 2008 through May. Since the recession began in December 2007, the number of unemployed persons has risen by 7.4 million, and the unemployment rate has grown by 4.8 percentage points.

The best unemployment measure U-6 (Total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers) shows that real unemployment has now risen to 16.8%, after temporarily dropping to 16.3% in July.

Related Posts: