Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .

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Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.

Remember M1?

Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?

Click on the chart for a larger version.


The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.

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Ben Muse

"Economics and Alaska”

July 5, 2015, 12:34 am, 1501856
A new Christmas classic from The Onion: New Device Desirable, Old Device Undesirable. I certainly want one.

July 5, 2015, 12:34 am, 1501857
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July 5, 2015, 12:34 am, 1501859
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July 5, 2015, 12:34 am, 1501855
Dean Baker makes the case: The Post's Protectionism Strongs Again: It Never Heard of Foreign Doctors

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July 5, 2015, 12:34 am, 1501851
Since 2002, writers associated with the Historical Society of Old Yarmouth have been publishing short essays on Cape Cod history, and especially Yarmouth history, in the mid-Cape paper, The Register. This fall, the society put these together into a book:...

July 5, 2015, 12:34 am, 1501852
Megan McArdle explains: Two Shopping Days Until Christmas. Who knew perfume was so complicated?

July 5, 2015, 12:34 am, 1501853
Patrick Thomas and Tom Barry point out that Santa's Polar operations may violate international trade law: Santa Claus’s Trade Infractions. Oliver Griffiths explains why many of the presents Santa delivers were actually "Made in the U.S." or "Made in China,"...

July 5, 2015, 12:34 am, 1501850
Nicholas Bakalar reports: Study Says Women With Mate Get Heavier. The Australian study found that: After adjusting for other variables, the 10-year weight gain for an average 140-pound woman was 20 pounds if she had a baby and a partner,...