Economics Roundtable
Calculated Risk
Read the Bill McBride interview.
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 .
Click on the image to get a bigger version.
June Payroll Employment
The slowndown in employment growth over the past few months is starting to become more apparent in the graph below.
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Focus on the Problem
U.S. payroll employment peaked at 132.5 million jobs in February 2001. For April 2012, U.S. payroll employment had reached 133.0 million jobs, marking the third month in a row above the February 2001 level.
Click on the image to get a bigger version.
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.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
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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EconModel
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
U.S. Food Policy (Parke Wilde)
"U.S. Food Policy and Economics from a Public Interest Perspective”
The guests include AP reporter Mary Clare Jalonick, Boston Medical Center researcher and nationally known child health advocate Deborah Frank, and UC Davis ...
I tried to approach the study of food regulation from an objective standpoint by comparing the costs and benefits of the policies in question -- seeing which ...
For example, you can see how much meat and poultry flows into the restaurant food industry, and then how much restaurant food flows to the final consumer (all measured in billions of dollars per year). You can ...
The Associated Press has a summary of several ...
How many of us read a story of disaster striking people ...
Betti Wiggins, Director of Nutrition Services for Detroit Public Schools, is carrying out her vision for converting underutilized land to vegetable gardens. Hear it in her own voice, from the Detroit Stories project.
The ...
Thirty-years ago the number of ingredients used to sweeten foods and beverages could be counted on one hand. Today, there are 25 ingredients used to replace sugar. Regardless whether you think ...