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”

July 28, 2014, 11:23 am, 1306548

On Sunday, the New York Times editorialized for the first time in favor of a repeal of the federal ban on marijuana, and did so in dramatic fashion, with a statement on the front page of the Sunday Review section ...

July 25, 2014, 11:23 pm, 1305853

It isn’t hard to find discontent with Barack Obama on the left, so long as you know where to look. The list of particulars is both specific (National Security Agency spying, drone assassinations, toothless Wall Street reforms, flirtations with a “grand ...

July 25, 2014, 1:23 pm, 1305594
AP Photo/Pablo Martinez Monsivais, File

In this May 12, 2009, file photo Jonathan Gruber, professor of Economics at the Massachusetts Institute ...

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U.S. State Department Photo

U.S. Secretary of State John Kerry disembarks from his plane after traveling from Kabul, Afghanistan, to Vienna, ...

July 25, 2014, 9:23 am, 1305445

For a lot of reasons, the current era will probably be seen as unusually consequential in the history of the two parties, particularly the GOP. For Republicans, it has been a time of ideological hardening and bitter infighting. But ...

July 24, 2014, 3:23 pm, 1304922

Yesterday, the New York Times published an article with compelling evidence that Sen. John Walsh, the Montana Democrat who was appointed to fill the seat of Max Baucus when Baucus became ambassador to China, plagiarized most of the master's ...

July 24, 2014, 11:23 am, 1304742
AP Photo/Pablo Martinez Monsivais

A demonstrator dressed as the 'Bible' stands outside the Supreme Court building awaiting the court's decision on ...

July 23, 2014, 9:23 pm, 1304330

As a reporter and columnist for Time, Newsweek, the Washington Post, USA Today, Esquire, Salon, and other publications, Walter Shapiro has covered nine presidential elections and the nation’s politics for four decades. He is currently a fellow at the Brennan Center for Justice ...

July 23, 2014, 3:23 pm, 1303975

If you don't have mixed feelings about what's going on in Gaza, there's something seriously wrong with you. As Gershom Gorenberg says in his piece today, in a war, both sides can be wrong, and that's the case ...

July 23, 2014, 2:38 pm, 1303811
AP Photo/Hatem Moussa

Smoke and fire from the explosion of an Israeli strike rise over Gaza City, Tuesday, July 22, 2014, ...