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.


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.”


October 25, 2014, 10:04 am, 1357588
Back in 2007 the state of Florida changed the way to insure beach properties and is mentioned at Angry Bear here. Reuters reports here here and Waters edge crisis. SEASIDE SOCIALISM Breakneck development at the shore has trapped Florida in a costly Sisyphean effort to maintain its perpetually eroding beaches. ...


October 24, 2014, 2:04 pm, 1357274
Noah Smith provoked a conversation here at Angry Bear by wondering what causes recessions. Recessions are not such a mystery when you see the interaction between effective demand and such things as productivity. The conversation took place in the comments section of a previous post on Productivity’s role as a ...


October 24, 2014, 2:04 pm, 1357273
Okay, here’s what Christie actually said: I’m tired of hearing about the minimum wage. I really am. I don’t think there’s a mother or father sitting around the kitchen table tonight in America saying, ‘You know, honey, if our son or daughter could just make a higher minimum wage, my ...


October 24, 2014, 2:04 pm, 1357272
Okay, here’s what Christie actually said: I’m tired of hearing about the minimum wage. I really am. I don’t think there’s a mother or father sitting around the kitchen table tonight in America saying, ‘You know, honey, if our son or daughter could just make a higher minimum wage, my God all ...


October 24, 2014, 6:04 am, 1356957


October 24, 2014, 6:04 am, 1356955
by Joseph Joyce Martin Wolf’s Warning It is time for the 2014 Globie—a (somewhat fictitious) prize I award once a year to a book that deserves recognition for its treatment of the consequences of globalization. (Previous winners can be found here.) The financial turmoil of the last week makes this ...


October 24, 2014, 6:04 am, 1356956
by Linda Beale Both the rich and ordinary Americans misunderstand their economic interests There is class warfare going on, right now, all across this country.  It’s highlighted by the election gimmicks and gambits of those on the right who claim to be supporting ordinary Americans but whose real intentions show ...


October 23, 2014, 4:04 pm, 1356521
This is the average inflation rate expected over the next 5 years… Last data point is for October 21, 2014.


October 23, 2014, 2:04 pm, 1356442
Via Digby comes a couple short films talking about what is money.   They are part of an effort by a group/site called We The Economy that has 20 short films aimed:  to drive awareness and establish a better understanding of the U.S. economy. Told through animation, comedy, musical, non-fiction, and ...


October 23, 2014, 12:04 pm, 1356364
The Fed is an accomplice to the increase in inequality. An accomplice is an entity that helps another entity commit a crime. The real change that led to increased inequality is the conspicuous drop in labor share after the crisis. Record profits by firms were not being transmitted to labor. ...