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)


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’


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’