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 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, 1303815

Are the media finally getting the Israeli-Palestinian story right? It's a difficult question to answer, particularly when it would be hard to agree on what "right" means. But it does look like we're seeing and hearing more about what's happening ...


July 23, 2014, 2:38 pm, 1303816

 

Vincent Desailly for SoftBank

Aldebaran's NAO robots. The company describes its "companion" robot this way: "NAO is a 58-cm tall humanoid ...


July 23, 2014, 2:38 pm, 1303814

AP Photo/David J. Phillip, File

In this April 25, 2013, file photo former Vice President Dick Cheney participates in ...


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, ...


July 23, 2014, 2:38 pm, 1303812

 

AP Photo/Eric Gay

In this June 25, 2014 file photo, a group of immigrants from Honduras and El Salvador who crossed ...


July 23, 2014, 2:38 pm, 1303813

When news broke this morning of the decision by a three-judge panel from the D.C. Circuit Court of Appeals in Halbig v. Burwell, which states that because of a part of one sentence in the Affordable Care Act that was basically ...