Technical Problems 1/21/15
The website was down for a day and a half, but is back up now.
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 .
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.
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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Greg Mankiw’s Blog
"Random Observations for Students of Economics”
One thing that commentators sometimes fail to notice is that the big increase in ...
We measure the effect of unemployment benefit duration on employment. We exploit the variation induced by the decision of Congress in December 2013 not to reauthorize the ...
The share of the private workforce employed in the BLS-defined industries â€śfinancial activitiesâ€ť and â€śhospitalsâ€ť decreased by about 5% between 2010 and 2014. Jobs in these industries pay 29% and 24%, respectively, above the economy mean. Because a smaller share of labor ...
in recent years around one in 100 [New York Times] articles mentions the term â€śeconomist,â€ť ....Far fewer articles mention the terms historian or psychologist, while sociologists, anthropologists and demographers rarely rate a mention.
According to research described in ...