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

June 30, 2016, 6:44 pm, 1649986
Donald Trump on Thursday said his trade proposals would mean better jobs for American workers and higher prices for U.S. consumers.

June 8, 2016, 6:44 am, 1643571
David Wessel: One can learn a lot from reading the passages in a Fed speech that deal with matters other than the timing of the next interest-rate increase.

May 27, 2016, 2:44 pm, 1640477
The biggest news stories and exclusive features from Washington on politics, policy, financial regulation and defense.

May 26, 2016, 6:44 am, 1639997
With the spotlight narrowing to Donald Trump and Hillary Clinton, some advantages that Mr. Trump carries into the presidential race are coming into sharper focus.

May 24, 2016, 10:44 pm, 1639534
President Barack Obama will make a return to Elkhart, Ind., a small city in northern Indiana where he made his first trip as president in 2009.

May 16, 2016, 2:44 pm, 1636987
Hillary Clinton again said she would put her husband “to work” on the nation’s economy as she campaigned for a second day in Kentucky, a state Bill Clinton won twice and where he remains popular.

April 28, 2016, 6:44 pm, 1630978
Defenders of President Barack Obama’s Pacific trade agreement are taking out the big guns. Eight former secretaries of defense signed a letter asking congressional leaders to pass the Trans-Pacific Partnership, or TPP, as a way to renew American leadership in the Pacific as China flexes its economic and military muscle.

April 27, 2016, 2:44 pm, 1630464
Even $12 million was not enough to win a Democratic primary for a House seat from Maryland.

April 14, 2016, 12:44 pm, 1626697
Michael Singh: Few would assert that sanctions have changed Russian behavior in Ukraine, the Assad regime's tactics in Syria, or the Kim regime's actions in North Korea.

April 12, 2016, 10:44 am, 1625902
Salim Furth: Why is Puerto Rico so “inhospitable” to workers without college degrees? The island is subject to U.S. wage rules, but incomes and productivity are much lower than in U.S. states.