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?


Click on the chart for a larger version.


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Angry Bear

"Slightly left of center comments on news, politics, and economics from an economist.”


December 4, 2016, 10:04 am, 1699606
Andy Borowitz, comedian and author of the “The Borowitz Report.”, reports the news with his own pov: President-elect Donald J. Trump drew a line in the sand on Friday as he warned that U.S. companies planning to ship jobs overseas will be slapped with enormous bribes. “If you think you’re ...


December 3, 2016, 10:04 pm, 1699543
I don’t think anyone has ever accused me of being star struck. I pay very little to celebrities, and I probably couldn’t tell you who most of the people being profiled in any given edition of People magazine are. With the exception of Jimmy Stewart, who was way before my ...


December 3, 2016, 12:04 am, 1699444
Georges Sorel thought he had made a ‘happy choice’ with his use of the term ‘myth.’ But he soon was disabused of that illusion by critics who dismissed the anachronism of myths and others who accused him of falsifying “the real opinions of revolutionaries.” In his essay, “Myths of the ...


December 2, 2016, 12:04 pm, 1699282


December 2, 2016, 8:04 am, 1699187
Here’s an analysis of LinkedIn user data by the company’s Education & Millennials Editor. The analysis is entitled Here’s where 2016 grads went to work — and how much they got paid. The study is based on the company’s internal data so it skews heavily white collar. I found the first ...


December 1, 2016, 12:04 am, 1698771
What follows is from Today’s Democratic Party: Meeting America’s Challenges, Protecting America’s Values, a.k.a., the 1996 Democratic Party Platform. This is the section on immigration.  I took the liberty of bolding pieces I found interesting. Democrats remember that we are a nation of immigrants. We recognize the extraordinary contribution of ...


November 30, 2016, 10:04 am, 1698543
I have written a number of posts, some using data and some not, on immigrstion. Some of those posts attracted vitriol in comments, including from some who keep accusing me of hiding my punchline. Personally I find myself repeating myself, or trying to restate a point yet a different way ...


November 29, 2016, 10:04 am, 1698180


November 29, 2016, 10:04 am, 1698179
by Joseph Joyce The Electoral Consequences of Globalization The reasons for the election of Donald Trump as President of the U.S. will be analyzed and argued about for many years to come. Undoubtedly there are U.S.-specific factors that are relevant, such as racial divisions in voting patterns. But the election ...


November 29, 2016, 8:04 am, 1698137
I have always been leery of libertarians, finding that most of them come from one of two infuriating groups: those who pretend negative externalities are trivial and (a much smaller group) those who are open about negative externalities not being trivial but look forward to the opportunity to inflict them ...