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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Beat the Press (Dean Baker)

"Dean Baker’s commentary on economic reporting”

October 23, 2014, 3:23 pm, 1356513

As I've probably made clear by now, I am 1) abundantly skeptical of Rand Paul's ability to be president of the United States, and only somewhat less skeptical of his ability to win the presidency; and 2) in tremendous admiration of ...

October 23, 2014, 11:23 am, 1356355

If the Republicans take over the Senate in this year's election, as now looks likely, one thing seems certain: President Obama will be issuing a lot of vetoes in the next two years. Or maybe not over the whole two ...

October 23, 2014, 11:23 am, 1356354


(Stefan Rousseau/PA Wire - Press Association via AP Images)

At the Nato Summit in Newport, South Wales, Italian Prime Minister Matteo ...

October 22, 2014, 1:23 pm, 1355643

At the risk of being overly optimistic, I think we may have reached a tipping point on Medicaid expansion, where it will soon become completely acceptable for Republican states to accept it, insure their poor citizens, and reap the economic ...

October 22, 2014, 1:23 am, 1355234

This article is from the Fall 2014 issue of The American Prospect magazine.

If anyone has the right to be upbeat about the prospects of the American labor movement, it should be David Rolf, the president of a Seattle-based long-term care local ...

October 21, 2014, 5:23 pm, 1355064

The Supreme Court said Saturday that, for the first time, it is allowing a voting law to be used for an election even though a federal judge, after conducting a trial, found the law is racially discriminatory in both its intent and ...

October 21, 2014, 3:23 pm, 1354988

The Pew Research Center has one of its ginormous studies out today, this one about polarization and media use, and as usual it's full of interesting stuff. I want to make a point about news in general and NPR in ...

October 21, 2014, 3:23 pm, 1354987

Don’t look now, but I think the Second Amendment just stomped on the First.

Last week, the New York Times reported on the death and rape threats to which Anita Sarkeesian, a feminist cultural critic, has been subjected to for challenging the ...

October 21, 2014, 11:23 am, 1354826

At Holy Cross-Immaculata church in Cincinnati, there's a Good Friday tradition called "Praying the Steps," in which parishioners slowly climb the 85 steps up to the church, saying a prayer on each step. It may take a while to get ...

October 20, 2014, 3:23 pm, 1354264

I'm done (for the moment, anyway) writing entire posts trying to remind/convince people that the chances of you dying from Ebola are incredibly small. But that doesn't mean there isn't more to say about the often idiotic reactions people are having ...