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.


EconModel

The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


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Aplia Econ Blog

"News for Economics Students”


December 3, 2014, 8:44 am, 1381548

Across the country, students are returning to higher education institutions for the start of another ...


December 3, 2014, 8:44 am, 1381550
For the past month, House Republicans and the White House have been in a bitter standoff over the national debt ceiling, the legal limit to borrowing that the ...


December 3, 2014, 8:44 am, 1381549


December 3, 2014, 8:44 am, 1381533
“Buyers know what goods cost.” Some version of that assumption comes up in the very first weeks of just about every introductory econ course. It becomes one of the few assumptions that ...


December 3, 2014, 8:44 am, 1381534
A famous economics joke says it best: A physicist, a chemist and an economist are stranded on an island, with nothing to eat. A can of soup washes ashore. The physicist says, "Let’s ...


December 3, 2014, 8:44 am, 1381532
The other day I took my car to the mechanic for what I thought would be a quick maintenance appointment. However, I was sadly mistaken when my bill came in ...


December 3, 2014, 8:44 am, 1381529
The Chicago Cubs hold the record for
the longest championship drought in the four major US sports, not giving their fans a World Series ...


December 3, 2014, 8:44 am, 1381528
The Federal Reserve's decisionon September 18th to continue purchasing $85 billion in longer-term bonds each month took financial markets by surprise. Collective wisdom expected that the Fed would begin tapering its purchases of U.S. ...


December 3, 2014, 8:44 am, 1381530
Recently several California towns and counties introduced new rules concerning single-use grocery bags in an attempt to reduce the harmful effects of paper and plastic refuse on the environment. Plastic bags are ...


December 3, 2014, 8:44 am, 1381531
It’s a good thing I don’t have to watch my cholesterol, because after moving to the Maine seacoast last July, I simply cannot get enough lobster. Though I haven’t had ...