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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WSJ:  Washington Wire

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


December 20, 2014, 12:44 am, 1392478
On the Capital Journal Roundtable, Washington Bureau Chief Jerry Seib discusses the politics of the U.S. shift on Cuba, Jeb Bush's near-candidacy for 2016 and signs of an improving economy with the WSJ's Colleen McCain Nelson, Beth Reinhard and Sudeep Reddy.


December 19, 2014, 12:44 pm, 1392178
On the Capital Journal Roundtable, Washington Bureau Chief Jerry Seib discusses the politics of the U.S. shift on Cuba, Jeb Bush's near-candidacy for 2016 and signs of an improving economy with the WSJ's Colleen McCain Nelson, Beth Reinhard and Sudeep Reddy.


December 19, 2014, 8:44 am, 1392037
Falling oil prices and Russia's deepening economic turmoil are proving to be two of the biggest developments for the global economy this year, reshaping the Obama administration’s international economic policy.


December 18, 2014, 12:44 pm, 1391544
Wage stagnation is a growing topic in the national political discussion, but the problem is not spread evenly – as we noted recently. And when one looks closely at a map of changes in pay over the past decade, there are some noteworthy trends in the county data beyond big ...


December 18, 2014, 10:44 am, 1391467
Wage stagnation is a growing topic in the national political discussion, but the problem is not spread evenly – as we noted recently. And when one looks closely at a map of changes in pay over the past decade, there are some noteworthy trends in the county data beyond big ...


December 17, 2014, 4:44 pm, 1390976
How many Americans have the wherewithal -- and the desire -- to give even more money to the Republican and Democratic Parties? The Wall Street Journal looks at the numbers.


December 17, 2014, 2:44 pm, 1390889
How many Americans have the wherewithal -- and the desire -- to give even more money to the Republican and Democratic Parties? The Wall Street Journal looks at the numbers.


December 17, 2014, 8:44 am, 1390657
With Russia's economy on the brink of collapse, the White House, Treasury Department, and Federal Reserve have a number of senior officials with deep experience to draw from.


December 17, 2014, 4:44 am, 1390502
Amid signs that the economy is improving, the latest Wall Street Journal/NBC News Poll suggests that Americans’ economic pessimism may be beginning to recede. But pessimism is growing on other fronts such as race relations. Here are some takeaways from the new poll:


December 17, 2014, 12:44 am, 1390394
Amid signs that the economy is improving, the latest Wall Street Journal/NBC News Poll suggests that Americans’ economic pessimism may be beginning to recede. But pessimism is growing on other fronts such as race relations. Here are some takeaways from the new poll: