At some point after the Covid-19 pandemic fades, mortality rates will drop below normal. But there's not much sign in the data that this is happening yet bloomberg.com/opinion/articl…
People keep thinking this low-mortality period has already arrived in the U.S. because of the way the CDC reports excess deaths, but the data for the past couple of months are incomplete and CDC efforts to correct for the incompleteness never quite do the trick
In fact, because of a change in methods on Sept. 9, the CDC warns that "estimates for the most recent weeks for the US overall are likely underestimated to a larger extent than in previous releases" cdc.gov/nchs/nvss/vsrr…
New York City's mortality numbers as reported to the CDC don't seem to have this problem, so here are deaths from all causes for those 85 and older in NYC compared with the past three years' average. A huge increase in spring followed by normal mortality since then
A deadly heat wave in France in 2003 gives some indication of what might happen after the pandemic is really over. Deaths among those 85 and older were normal for the rest of the year, then markedly lower in 2004
Here's the current picture in France
Anyway there are lots more charts from Europe in the column, but this one from Germany is remarkable. Mortality among those 85+ this spring was lower than in a normal flu season. Definitely not the case in the U.S., or any other large Western European country
Every under-60 age group *except* early 20s and late 30s now has higher labor-force participation and employment rates than in summer 2019 (short🧵on today's column) bloomberg.com/opinion/articl…
Here it is for employment-population ratio. I did a summer-to-summer comparison because (1) most age-group labor stats aren't available seasonally adjusted and (2) they can jump around a lot from month to month
That 20-24 decline is really big! Surely has something to do with interrupted and delayed education, but I hope it goes away soon. The 35-39 drop seems like it should be due to child-care issues, although it's men in that age group who are driving it bloomberg.com/opinion/articl…
A few months ago, @alexschief pointed out that Minneapolis (population 425,336) was building more housing this year than San Jose, San Francisco, and Oakland combined (population 2.2 million). That's still true, and it's not the only one
These are all cities with less than 1 million people that are mostly building new apartments, not single-family houses. It's not an exhaustive list (Tampa, Miami, Arlington, TX, and others also meet the criteria)
Here are the top 10 jurisdictions for housing permits so far this year (permits are reported separately for each NYC borough but I combined them so sue me)
... which maybe helps explain why belief that climate change is happening fell in the U.S. in the early 2010s and has risen since bloomberg.com/opinion/articl…
Last week's GDP release included revisions back to 1999, so it's time for a new set of presidential growth comparisons! Starting with the basic version: annualized growth in real GDP from 1st quarter in office to last bloomberg.com/opinion/articl…
Official quarterly GDP numbers start in 1947, but using annual numbers growth was -7.4% under Hoover, +9.1% FDR and +1.8% Truman. So yes, by this metric Trump has the worst growth record since Hoover bloomberg.com/opinion/articl…
Still, there are other legit ways to measure growth. One would be to shift the GDP measurement forward or back by a quarter. Do the former and Trump pulls ahead of George W. Bush bloomberg.com/opinion/articl…