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.


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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WSJ:  Washington Wire

"Political Insight and Analysis From The Wall Street Journal’s Capital Bureau”


October 31, 2014, 2:44 pm, 1361735
President Barack Obama tried to shift attention back to the economy in a speech in Rhode Island.


October 31, 2014, 10:44 am, 1361568
Hilary Rosen: It is now possible to be married in several states where if you came to work the next day and announced you were married, you could be fired for being gay.


October 30, 2014, 6:44 pm, 1361034
Hilary Rosen: It is now possible to be married in several states where if you came to work the next day and announced you were married, you could be fired for being gay.


October 30, 2014, 2:44 pm, 1360871
Josh Bivens: For the past six months GDP has been growing at a rate of 4.1%. If sustained, the recovery would clearly be shifting into a higher gear. But, sadly, there's not a lot of evidence it will be sustained.


October 30, 2014, 12:44 pm, 1360781
Josh Bivens: For the past six months GDP has been growing at a rate of 4.1%. If sustained, the recovery would clearly be shifting into a higher gear. But, sadly, there's not a lot of evidence it will be sustained.


October 30, 2014, 10:44 am, 1360701
Josh Bivens: For the past six months GDP has been growing at a rate of 4.1%. If sustained, the recovery would clearly be shifting into a higher gear. But, sadly, there's not a lot of evidence it will be sustained.


October 29, 2014, 10:44 am, 1359817
If Republicans win control of the Senate, they will have a rare opportunity to design a unified congressional economic plan, borrowing ideas that have been tested in states led by GOP governors. Here's a look at how the programs resonated with voters in several states.


October 29, 2014, 8:44 am, 1359742
If Republicans win control of the Senate, they will have a rare opportunity to design a unified congressional economic plan, borrowing ideas that have been tested in states led by GOP governors. Here's a look at how the programs resonated with voters in several states.


October 27, 2014, 8:44 am, 1358131
The job market may not feel like it's back to normal, but it is for almost a third of all states. WSJ economics editor Sudeep Reddy discusses whether that's enough to make a big difference in congressional races. ...


October 26, 2014, 4:44 am, 1357785
More than 90% of federal employees say they are willing to put in extra effort to get their work done, but far fewer are satisfied with their jobs, pay or the agencies for which they work, according to an annual survey released Friday about the federal workforce.