Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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?


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EconModel

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Beat the Press (Dean Baker)

"Dean Baker’s commentary on economic reporting”


September 1, 2014, 11:23 am, 1327482

 

(AP Photo/Paul Beaty)

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(AP Photo/George Ruhe, File)

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August 28, 2014, 5:23 pm, 1326221

 

(AP Photo)

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August 28, 2014, 3:23 pm, 1326135

Wednesday night, the long-running Market Basket drama ended and the good guys ostensibly won. Or did they?

When we last tuned in, the employees of the $4 billion family-owned New England supermarket chain were rallying behind a beloved boss, Arthur T. ...


August 28, 2014, 11:23 am, 1325981

I'll give Republicans credit for this: they keep trying to figure out why their party remains unappealing to large and important groups of voters. They've been mulling over their problem with Latino voters for some time, and now Politico has ...


August 28, 2014, 5:23 am, 1325764

Traditional public housing is out of favor and substantially out of funds. It’s bureaucratic, concentrates the very poor, and is literally crumbling due to a huge backlog of deferred maintenance. Yet despite real catastrophes—such as Chicago’s bleak, crime-ridden Robert Taylor Homes, 


August 28, 2014, 5:23 am, 1325763

 

(AP Photo/Pablo Martinez Monsivais, File)

In this Feb. 6, 2014 file photo, Senate Minority Leader Mitch McConnell of Kentucky walks toward ...


August 28, 2014, 3:23 am, 1325733

 

(AP Photo/Molly Riley)

Louisiana Gov. Bobby Jindal delivers the keynote address during Faith and Freedom Coalition's Road to Majority event in ...