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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Beat the Press (Dean Baker)

"Dean Baker’s commentary on economic reporting”


October 1, 2014, 1:23 pm, 1344505

The idea of naming military operations began in World War I, but initially they were secret code names, intended to conceal rather than to boast. Winston Churchill was very concerned with the code names of military operations in World War ...


October 1, 2014, 3:23 am, 1344160

For the first time in decades, voters in nearly half the country will find it harder to cast a ballot in the upcoming elections. Voters in 22 states will face tougher rules than in the last midterms. In 15 states, ...


October 1, 2014, 3:23 am, 1344159

 

©Jenny Warburg

Joy Boothe (in black pants) at a sit-in outside the office North Carolina Senate President Pro Tempore Phil Berger ...


September 30, 2014, 3:23 pm, 1343938

Back when he was running for president, I used to joke that Mitt Romney was a political version of the T-1000 from Terminator 2—if he got close enough, he could morph himself into a copy of you, adopting your likes, ...


September 30, 2014, 11:23 am, 1343772

 

(AP Photo/Richard Drew)

President Mahmoud Abbas, of Palestine, addresses the 69th session of the United Nations General Assembly, at U.N. headquarters, ...


September 30, 2014, 9:23 am, 1343687

 

(Kike Calvo via AP Images)

More than 100,000 people march through midtown Manhattan on Sunday, Sept. 21, 2014 as part of ...


September 29, 2014, 3:23 pm, 1343147

Just what does it mean for someone to be qualified to be, or even run for, president? I thought of that question when watching this interview on Fox News Sunday with Ben Carson, who is preparing to be the first ...


September 29, 2014, 9:23 am, 1342917
(Yui Mok/PA Wire -Press Association via AP Images)

Imagine it's six months from now. A 19-year-old man—whom we'll later learn was in communication with members of ISIL ...


September 29, 2014, 7:23 am, 1342833
©A.M. Stan

Ted Cruz, U.S. senator from Texas, addresses the Values Voter Summit on September 26, 2014.

 

On Friday ...


September 26, 2014, 1:23 pm, 1341916

Our chart of the day comes from this article in Politico Magazine by Doug McAdam and Karina Kloos, about how the contemporary Republican party has its roots in the racial struggles of the 1960s. It's a good overview of that ...