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?


Click on the chart for a larger version.


EconModel

The Economics Roundtable is sponsored by EconModel.

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


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Undercover Economist (Tim Harford)


February 22, 2017, 1:23 am, 1722065
‘The simplest economies tend to be the most unequal; the more sophisticated ones are more equal’


February 15, 2017, 1:23 am, 1719967
‘In the case of VW, transparency was the enemy: regulators should have been vaguer about the emissions test to prevent cheating’


February 8, 2017, 1:23 am, 1717712
‘If I’m cruising along in a complacent bubble, I badly need someone to explain what I’m doing wrong’


February 1, 2017, 1:23 am, 1715527
‘Trade’s winners may take their good fortune for granted while the losers are acutely aware of what they’ve lost’


January 25, 2017, 1:23 am, 1713323
‘What if, as you hurl your own steering wheel out of the window, you notice your rival has done exactly the same?’


January 18, 2017, 1:23 am, 1711392
‘After the system has been installed, both plumber and economist must tinker with it as leaks and blockages become apparent’


January 11, 2017, 1:23 am, 1709493
‘Noticing the good news as well as the bad is not just reassuring — it’s also essential for making reasoned policies’


January 4, 2017, 1:23 am, 1707464
‘When you’re trying to find an email needle in your archive haystack, search works at least as well’


December 21, 2016, 1:23 am, 1704366
‘Christmas, like life, is full of rituals that seem to make our lives richer and more enjoyable’


December 14, 2016, 1:23 am, 1702375
‘Gifts typically destroy value. The total deadweight loss of Christmas in the US alone was $12bn’