Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

Click on the image to get a bigger version.


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.

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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Economist’s View (Mark Thoma)

April 20, 2014, 5:03 pm, 1258038

This was in yesterday's links, but it's worth highlighting:

Treat wage theft as a criminal offense, by Catherine Rampell, Washington Post: Forget raising the minimum wage. How about enforcing the meager minimum already on the books?

Over the past year, low-wage workers and their supporters have protested,

April 20, 2014, 5:03 am, 1257913

April 19, 2014, 1:03 pm, 1257819

Dan Little:

The near future: There is a lot going on in America and the world today: climate change, increasing separation between the rich and the non-rich, entrenched poverty in cities, continuing effects of racism in American life, and a rising level of political extremism in this country and ...

April 19, 2014, 5:03 am, 1257747

April 18, 2014, 7:03 pm, 1257700

[It starts around the 7:00 minute mark]

April 18, 2014, 5:03 pm, 1257687

The "price of solar panels has fallen more than 75 percent just since 2008":

Salvation Gets Cheap, by Paul Krugman, Commentary, NY Times: The Intergovernmental Panel on Climate Change ... has begun releasing draft chapters from its latest assessment, and ... the reading is as grim as ...

April 18, 2014, 7:03 am, 1257504

April 17, 2014, 7:03 pm, 1257325

Mike Konczal:

Not Just the Long-Term Unemployed: Those Unemployed Zero Weeks Are Struggling to Find Jobs: Leave aside for a moment the difficulty that the long-term unemployed, those who were unlucky and have been looking for a job for more than 52 weeks, have in finding a ...

April 17, 2014, 1:03 am, 1256776

Robert Reich:

Antitrust in the New Gilded Age, by Robert Reich: We’re in a new gilded age of wealth and power similar to the first gilded age when the nation’s antitrust laws were enacted. Those laws should prevent or bust up concentrations of economic power that not only harm ...

April 17, 2014, 1:03 am, 1256775

Antonio Fatás:

Secular stagnation or secular boom?: The notion that some countries are caught in a long and protracted period of low growth ... has been labeled "secular stagnation". The pessimism that the idea of secular stagnation has created has been reinforced by the notion the potential for emerging ...