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)


September 21, 2016, 1:23 am, 1677187
‘Yes, incentives matter. But they often matter for all the wrong reasons’


September 18, 2016, 11:23 pm, 1674745
‘However many refugees we decide to resettle, there’s no excuse for doing the process wastefully’


September 18, 2016, 11:23 pm, 1674746
‘A “big data” approach to inflation is helping us understand the fundamental question of why recessions happen’


September 18, 2016, 11:23 pm, 1674747
‘The truth is that there are no foolproof methods for knowing when to hold ’em and when to fold ’em’


September 18, 2016, 11:23 pm, 1674744
‘Composers, novelists and film directors try to end on a high. Restaurants keen to manipulate their online reviews have found a similar trick’


September 18, 2016, 11:23 pm, 1674743
‘If you miss your plane or your train, it hardly matters that the queue was a nice place to chill’


September 18, 2016, 11:23 pm, 1674740
‘Hosting the games is not unlike building a church for one single, glorious wedding celebration’


September 18, 2016, 11:23 pm, 1674741
‘Money matters, but sometimes we find financial incentives to be insulting or grubby’


September 18, 2016, 11:23 pm, 1674742
‘Many notable results in psychology are now being questioned because later research has reached different conclusions’


September 14, 2016, 3:23 am, 1672747
‘Obsessing about risks is arbitrary and illogical. But that does not mean we don’t do it’