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.

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Beat the Press (Dean Baker)

"Dean Baker’s commentary on economic reporting”

October 30, 2014, 1:23 pm, 1360851

This article appears in the Fall 2014 issue of The American Prospect magazine.

Though few people realize it, it was Bill Clinton who first uttered the phrase on which U.S. foreign policy has remained so hopelessly fixated ever since. During his 1996 ...

October 30, 2014, 1:23 pm, 1360850

In public opinion, the battle over the Affordable Care Act has come to a stalemate. Depending on how you ask the question, a majority of the public disapproves of the law, but a majority also doesn't agree with Republicans that it ...

October 30, 2014, 11:23 am, 1360765

All politicians have to deal with hecklers from time to time, and most try to handle it by being polite but firm, using the moments before security reaches the person and hustles them out to say something like: "This is ...

October 30, 2014, 5:23 am, 1360538


(AP Photo/Kamil Krzaczynski, File)

Wisconsin Governor Scott Walker addresses the Republican National Committee summer meetings in Chicago on August 8, ...

October 29, 2014, 11:23 am, 1359884


(AP Photo/J. Scott Applewhite)

With all the attention focused on the Senate in next Tuesday's elections, it would be easy to forget that there's ...

October 29, 2014, 11:23 am, 1359883


(AP Photo/J. Scott Applewhite)

Retired teacher Blaine Heslett and his son Caleb, 15, right, listen as Lee Greenwood delivers his ...

October 28, 2014, 3:23 pm, 1359229

The 2016 Democratic presidential primaries are promising to be rather boring—although anything can happen, at the moment it looks like Hillary Clinton won't have much competition, and if she does it will come from the less-than-electrifying likes of Martin O'Malley. ...

October 28, 2014, 1:23 pm, 1359153

This may be the most expensive midterm election in history, but it isn't necessarily the dumbest. That's not because it's smart in any way, just that elections in America are always dumb. To take just one tiny data point, the ...

October 28, 2014, 9:23 am, 1358965


Satirizing racial tensions in the so-called post-racial America, Justin Simien’s film, Dear White People, follows the lives of several students at Winchester University, a fictional, mostly-white Ivy League college.  As it explores the ...

October 27, 2014, 3:23 pm, 1358431

If you were Jeb Bush, you'd probably think this is a golden opportunity to finally mount that presidential bid you've been thinking about your whole life. The current Democratic president isn't particularly popular and has been serving for two terms, making ...