Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.


Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.


Click on the image to get a bigger version.


March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.


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.


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.


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Angry Bear

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


June 19, 2018, 9:23 am, 1868716
by Bradford DeLong   (originally published at Grasping Reality with Both Hands) THE DAMNATION OF THE PROFESSIONAL REPUBLICAN POLICY INTELLECTUALS I have long known that the thoughtful and pulls-no-punches Amitabh Chandra has no tolerance for fuzzy thinking from Do-Gooder Democrats. He is one of those who holds that not even a ...


June 19, 2018, 9:23 am, 1868717


June 18, 2018, 7:23 am, 1868340
“Deeply Disturbing” It’s not a crime if you brag about it on T.V. In fact, it’s hardly worth mentioning. What is this about? “We don’t know the answer, but we hope the inspector general will find out.”


June 18, 2018, 7:23 am, 1868339
“Deeply Disturbing” It’s not a crime if you brag about it on T.V. In fact, it’s hardly worth mentioning. What is this about? “We don’t know the answer, but we hope the inspector general will find out.”


June 17, 2018, 10:34 pm, 1868246
Cartoonist Rob Rogers was fired from the Pittsburgh Post-Gazette for refusing to do cartoons extolling the virtues and accomplishments of Trump. According to The Association of American Cartoonists; “Rob Rogers is one of the best in the country and his cartoons have been a wildly popular feature of the Post-Gazette. ...


June 17, 2018, 12:04 pm, 1868194
Children make the bestest hostages Criticisms of Trump in the business press are especially instructive, because they have no obvious partisan motivation. So Josh Barro’s article at Business Insider this morning, castigating his “bully-and-threaten approach to dealmaking,” is particularly noteworthy. He writes: Donald Trump has a negotiating tactic he really likes: Threaten ...


June 17, 2018, 10:04 am, 1868178
Does Greg Mankiw Know the History of U.S. Trade Policy? Greg offers us a nice speech by Saint Reagan. While Ronald Reagan preached free trade, Jeffrey Frankel notes that his actual record was rather protectionist. The discussion is an excellent account of how Republicans have been protectionist since 1854. But the really weird ...


June 17, 2018, 9:43 am, 1868176
May industrial production: meh Industrial production is the ultimate coincident indicator. It is almost invariably the number that determines economic peaks and troughs. In May it declined -0.1%. While that obviously isn’t a positive, it does nothing to suggest any sort of change of trend: and is in line with ...


June 16, 2018, 8:34 am, 1868059
May retail sales come in strong Real retail sales for May came in strong, up +0.6% just in the month: As the graph shows, this is on trend for the entirety of this expansion, and is also a new high, surpassing that of last winter. Per capita real retail sales ...


June 15, 2018, 6:04 am, 1867765
Chewing over the message of online job postings Here’s an interesting graph I came across yesterday. It’s from the Conference Board. What it does is track the number of job postings online, and breaks them down between first postings and repeat postings: Let me say first of all that it ...