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

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”


July 1, 2016, 11:23 am, 1650191
AP Photo/Keith Srakocic, File

Donald Trump speaks during a campaign stop at Alumisource, a metals recycling facility in Monessen, Pennsylvania, June ...


July 1, 2016, 5:23 am, 1650074

America’s Social Arsonist: Fred Ross and Grassroots Organizing in the Twentieth Century 
By Gabriel Thompson
University of California Press

In 2014, California Governor Jerry Brown inducted community organizer Fred Ross Sr. posthumously into the California Hall of Fame, where he joined a ...


July 1, 2016, 5:23 am, 1650073
(Photo: AP/Andrew Harnik)

Democratic presidential candidate Hillary Clinton speaks at a Digital Content Creators Town Hall in Los Angeles on June ...


June 30, 2016, 1:23 pm, 1649885
Murat Cetinmuhurdar, Presidential Press Service, Pool via AP

Turkey's President Recep Tayyip Erdogan addresses people gathered for a traditional "Iftar" Muslim ...


June 30, 2016, 1:23 pm, 1649884
(Photo: AP/Andrew Harnik)

Hillary Clinton and her allies are engaged in an awkward balancing act as they try to form a united front lambasting Donald Trump for ...


June 30, 2016, 9:23 am, 1649801
AP Photo/Robert F. Bukaty

Supporters of Republican presidential candidate Donald Trump clamor for autographs a rally Wednesday, June 29, 2016, in ...


June 30, 2016, 5:23 am, 1649729
Christopher Victorio for ImageSPACE/Sipa via AP Images

Supporters cheer for Senator Bernie Sanders as he speaks at the Oakland "A Future ...


June 30, 2016, 5:23 am, 1649728
(Photo: AP/David Goldman)

People hold candles during a June 13 vigil in Orlando for those killed in mass shooting at the ...


June 29, 2016, 11:23 am, 1649499
(Photo: AP/Patrick Semansky)

GOP presidential candidate Donald Trump, left, speaks alongside Jerry Falwell Jr., the president of Liberty University during a ...


June 29, 2016, 9:23 am, 1649461

Andy Stern, the former president of the Service Employees International Union (SEIU), is author of a new book, Raising the Floor, on the case for a universal basic income (UBI). As wage and salary income become less reliable and as technology ...