Economics Roundtable

May 2014 Payroll Employment

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

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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.


The Economics Roundtable is sponsored by EconModel.

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

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October 5, 2015, 5:23 pm, 1553524
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Democratic presidential candidate, Senator Bernie Sanders waves during a campaign rally in Springfield, Massachusetts, Saturday, October 3, 2105. 

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This article appears in the Fall 2015 issue of The American Prospect magazine. Subscribe here.

Each month, Esperanza Rosales sends $1,785 to the Blackstone Group, one of the world’s largest private equity firms. Steve Schwarzman, the CEO, has a net worth of $11.8 billion ...