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”


November 22, 2014, 6:44 am, 1376172
Several conservative economists have argued congressional Republicans should reappoint CBO Director Douglas Elmendorf next year. Americans for Tax Reform president Grover Norquist disagrees.


November 21, 2014, 4:44 pm, 1375963
Several conservative economists have argued congressional Republicans should reappoint CBO Director Douglas Elmendorf next year. Americans for Tax Reform president Grover Norquist disagrees.


November 21, 2014, 2:44 pm, 1375886
Several conservative economists have argued congressional Republicans should reappoint CBO Director Douglas Elmendorf next year. Americans for Tax Reform president Grover Norquist disagrees.


November 21, 2014, 12:44 pm, 1375811
The White House on Friday said its immigration plan would have a plethora of positive economic effects, including higher growth and boosting wages for all Americans, countering criticism from some economists who have argued it could create more competition for open jobs. ...


November 21, 2014, 10:44 am, 1375735
The White House on Friday said its immigration plan would have a plethora of positive economic effects, including higher growth and boosting wages for all Americans, countering criticism from some economists who have argued it could create more competition for open jobs. ...


November 20, 2014, 6:44 am, 1374832
A majority of all Americans—regardless of race, political persuasion or walk of life—now agree on one big thing: That the country's political and economic systems are stacked against people like them.


November 19, 2014, 4:44 pm, 1374499
Sen. Elizabeth Warren made the case Wednesday that a populist economic message is attractive to voters.


November 15, 2014, 12:44 pm, 1372100
Josh Bivens: The root of the U.S. wage problem (which is, in turn, the root of America's inequality problem) is that most workers aren't seeing their wages keep pace with overall productivity growth.


November 14, 2014, 4:44 pm, 1371664
Josh Bivens: The root of the U.S. wage problem (which is, in turn, the root of America's inequality problem) is that most workers aren't seeing their wages keep pace with overall productivity growth.


November 13, 2014, 6:44 am, 1370452
Robert Litan: A key question is how many of the far-reaching proposals likely to come out of the House would Senate Republicans want to push through in the reconciliation process.