Economics Roundtable

Technical Problems 1/21/15

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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 .


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.


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Beat the Press (Dean Baker)

"Dean Baker’s commentary on economic reporting”


January 30, 2015, 11:23 am, 1413256

Two of the most commonly cited reasons for the lack of more liberal policymaking in the United States are the decline in unions and the rising class bias in voter turnout.  In the 2014 midterm congressional elections, the Democrats’ rout ...


January 29, 2015, 9:23 am, 1412345

 

(AP Photo/Vincent Thian)

Activists wave Malaysian flags during a protest against Trans-Pacific Partnership ahead of U.S. President Barack Obama's Malaysia visit, ...


January 28, 2015, 7:23 pm, 1411894

This article was commissioned as part of "American Labor at a Crossroads: New Thinking, New Organizing, New Strategies," a conference presented on January 15, co-sponsored by the Albert Shanker Institute, The Sidney Hillman Foundation, and The American Prospect. (View agenda here.)  Find ...


January 28, 2015, 1:23 pm, 1411613

Inequality has at last arrived as the issue that mainstream politicians can’t ignore. You see it in Obama’s better-late-than-never embrace of “middle-class economics” as the signature theme in his State of the Union address; and in a ...


January 27, 2015, 7:23 pm, 1411071

 

(AP Photo/Carolyn Kaster)

House Select Committee on Benghazi chairman Rep. Trey Gowdy, R-S.C., left and House Select Committee on Benghazi ranking ...


January 27, 2015, 11:23 am, 1410765

 

(AP Photo/The El Paso Times, Mark Lambie)

Andre Stokes, who is homeless, tries to stay warm in a shelter he built ...


January 27, 2015, 11:23 am, 1410764

 

(AP Photo/Long Beach Press-Telegram, Stephen Carr)

Local 63 ILWU members form a picket line in the Port of Long Beach, California, ...


January 27, 2015, 9:23 am, 1410675

 

(AP Photo/Petros Giannakouris, File)

Alexis Tsipras, the leader of the Syriza left-wing party, speaks to his supporters outside Athens University Headquarters ...


January 26, 2015, 3:23 am, 1409728

 

(AP Photo/Jonathan Bachman)

Louisiana Governor Bobby Jindal speaks during a prayer rally, Saturday, January 24, 2015, in Baton Rouge. Jindal continued ...


January 26, 2015, 1:23 am, 1409686

 

(Photo By Bill Clark/CQ Roll Call) (CQ Roll Call via AP Images)

Senate Budget Committee ranking member Senator Bernie Sanders, independent ...