Economics Roundtable

May 2014 Payroll Employment

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

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.

RSS Feed

Angry Bear

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

October 25, 2016, 6:04 pm, 1686704

October 24, 2016, 12:04 am, 1685997
Authored by Mike Kimel In this post, I will explain the annualized growth rate in real GDP per capita using tax rates and the percentage of the population that is foreign born using data for the United States.  The data shows the following: A. the tax rate that maximizes economic ...

October 23, 2016, 12:04 am, 1685878

October 22, 2016, 4:04 pm, 1685853
CLEVELAND — Hillary Clinton entered the final phase of her campaign on Friday, working to ensure a victory that is decisive enough to earn a mandate for her presidency and a surge of voters to help Democrats win congressional races. Emerging from a nine­-day absence from the trail, Mrs. Clinton ...

October 22, 2016, 10:04 am, 1685822
by New Deal democrat Watching aggregate sales and payrolls Way back in the depths of the Great Recession in 2009, I used to hear a lot of comments like, “How can people buy anything, when they don’t have jobs?!?”  But the truth is, as I pointed out at the time, ...

October 22, 2016, 10:04 am, 1685821

October 21, 2016, 12:04 pm, 1685660
“The one thing you have over me is experience,” Mr. Trump said at one point. And yet it seemed clear through this last confrontation that there was a gap in knowledge, or at least in command of the material that candidates seeking to be president are expected to master. “Take ...

October 20, 2016, 4:04 pm, 1685400
There has been a great deal of concern about the U.S. Refugee Resettlement Program. Are we letting terrorists into the United States? How much do we know about the Syrians being admitted? Is our vetting process strict enough? For more than two decades, I’ve devoted my professional life to refugee ...

October 20, 2016, 4:04 pm, 1685399
I don’t think we should have justices appointed that decide what they want to hear. – Donald Trump, last night Wow.  Out of the mouths of babes.   Or something.  I don’t think we should have justices appointed that decide what they want to hear, either. OMG.  I’ve been supporting the ...

October 20, 2016, 12:04 pm, 1685294
After the first debate, there was some criticism of Clinton that she came off as “too prepared”—a semantic contrast to Trump’s lack of preparation—and then criticism of the criticism: How can someone be too prepared for something? The answer to that question is that what was really meant by “too ...