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)


November 30, 2016, 1:23 am, 1698412
‘Euler’s analysis has been fruitful in chemistry, sociology and computer science. And it all started with a brain-teaser’


November 23, 2016, 1:23 am, 1696734
‘Confident, eye-catching forecasts are the snack food of analysis and commentary’


November 16, 2016, 1:23 am, 1694628
‘When leading orchestras began to audition musicians behind a screen, the recruitment of women surged’


November 9, 2016, 9:23 am, 1692304
‘As long as economics professors tend to be white men, women and minority students may feel the subject just isn’t for them’


November 2, 2016, 3:23 am, 1689347
‘Nominative determinism hits a mental sweet spot. We chuckle when we hear that a senior judge is called Igor Judge’


October 26, 2016, 1:23 am, 1686814
‘Uncertainty causes recessions because it makes consumers, employers and investors hesitate before spending’


October 19, 2016, 1:23 am, 1684819
‘While sweatshops are probably better than nothing, that doesn’t mean nothing is better than sweatshops’


October 12, 2016, 1:23 am, 1682901
‘The Ig Nobel prizes are enormously silly but the research they highlight might tell us something about the world’


October 7, 2016, 1:23 am, 1681627
Feeling guilty about being untidy? Don’t. A cluttered space can help you be more organised


September 28, 2016, 1:23 am, 1679103
‘Most of us could do with a little more randomness in our lives’