Economics Roundtable

May 2014 Payroll Employment

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

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Jobs

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?


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Ben Muse

"Economics and Alaska”


July 2, 2014, 10:34 pm, 1294423
The cost of living differential between urban and rural Alaska has increased since 1985 - an important reason is the introduction of "big box stores" in urban Alaska. Pat Forgery has a nice piece in today's Alaska Empire summarizing testimony...


July 2, 2014, 10:34 pm, 1294426
At least the administration was embarrassed, releasing its decision late on Friday to minimize publicity. The Obama administration has decided to impose import duties of 35% on imports of low cost Chinese passenger and light truck tires (U.S. to Impose...


July 2, 2014, 10:34 pm, 1294427
When westerners began to visit the Bering Strait, they were touching the jugular of a thriving trade in furs between America and Asia. Furs from central and northern Alaska, and from as far east as Canada's Mackenzie River drainage, made...


July 2, 2014, 10:34 pm, 1294425
William Van Valin was a school teacher at Sinuk, Alaska, during the 1911-'12 and 1912-'13 school years. Sinuk is on the Bering Sea coast of the Seward Peninsula to the west of Nome, not far from King Island. In June...


July 2, 2014, 10:34 pm, 1294424
Construction of the trans-Atlantic telegraph cable pushed the limits of 19th Century technology. In the 1860s construction was begun on an alternative telegraph line to Europe - across Alaska, under the Bering Strait, and across Russia. Capt. Daniel B. Libby...


July 2, 2014, 10:34 pm, 1294406
People began to open cottage colonies on the Cape in the early thirties, as more visitors began to come to the Cape in their own cars, and as demand grew for inexpensive places to stay. The Salt Box cottage colony...


July 2, 2014, 10:34 pm, 1294407
... and in Mexico, Thailand, and elsewhere abroad: Outsourcing Health Care To Countries That Appreciate Efficiency (Adam Ozimek channeling Tyler Cowen channeling Ragharum Rajan). Rajan argues that this would stimulate competition and innovation in U.S. health care. Ozimek cites a...


July 2, 2014, 10:34 pm, 1294404
Last year Daniel Fortier, of the Dennis Planning Department, posted pictures of windmills used in the past in Dennis and Yarmouth. There are windmills in yards to pump drinking water from wells, some apparently with elevated water storage tanks, industrial...


July 2, 2014, 10:34 pm, 1294403
Mrs. Boardman and her sisters opened their Salt Box vacation cottages for their first season in 1938. The cottage colony was built on an old farm between the northeastern end of the Bass River Golf Club and Bass River, a...


July 2, 2014, 10:34 pm, 1294405
Here's a great old postcard of South Yarmouth center. The source at Wikipedia says 1910. Route 28 won't be upgraded until 1933, and then it will come in through the yard on the left and exit towards Bass River across...