Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

Click on the image to get a bigger version.


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 .

Click on the image to get a bigger version.

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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Undercover Economist (Tim Harford)

August 12, 2014, 7:23 am, 1316832
The cut and thrust of smaller competitors seems a reliable way to produce many of the everyday innovations that matter

August 5, 2014, 7:23 pm, 1312136
Some research on students suggests economics either attracts or creates sociopaths

August 5, 2014, 7:23 pm, 1312138
The fault is not in our stars but in ourselves: we underperform the market because we’re doing it wrong

August 5, 2014, 7:23 pm, 1312137
Research shows that employers ignore people who have been out of work for more than six months

August 5, 2014, 7:23 pm, 1312135
People drift in and out of all income groups as a result of luck or the life-cycle of a career

August 5, 2014, 7:23 pm, 1312134
There are perils to treating patients not as human beings but as means to some glorious end

August 5, 2014, 7:23 pm, 1312132
Since Londoners cannot seem to stop asking, ‘Is there a bubble?’, I’ve been trying to figure out the answer

August 5, 2014, 7:23 pm, 1312133
Somebody, somewhere has to be able to say, ‘That’s great – but it just costs too much’

August 5, 2014, 7:23 pm, 1312127
Pundits who make wagers may look grubby but at least they are accepting a cost for failure

August 5, 2014, 7:23 pm, 1312126
The patient was seriously ill. Dr Balls advised antibiotics but Dr Osborne argued it was a virus