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”


October 21, 2014, 12:44 pm, 1354840
Maya MacGuineas: Both Paul Krugman and the White House have long argued--correctly--that short-term deficits were not the problem.


October 21, 2014, 12:44 am, 1354450
The depressive donkey in A.A. Milne’s "Winnie the Pooh" stories pretty much matches the mood of Americans lately, according to the new Wall Street Journal/NBC poll released last week.


October 21, 2014, 12:44 am, 1354449
Money is a new feature in the Michigan sixth congressional district, where Democratic challengers are going on the offensive against incumbent Republican Fred Upton.


October 20, 2014, 2:45 pm, 1354198
The depressive donkey in A.A. Milne’s "Winnie the Pooh" stories pretty much matches the mood of Americans lately, according to the new Wall Street Journal/NBC poll released last week.


October 20, 2014, 2:45 pm, 1354197
Money is a new feature in the Michigan sixth congressional district, where Democratic challengers are going on the offensive against incumbent Republican Fred Upton.


October 20, 2014, 12:44 pm, 1354117
Although voters in the U.S. are unlikely to be swayed by lower gas prices, the price drop may lead to significant political maneuvering abroad as Russia and Iran, two major oil exporters, feel an economic pinch.


October 20, 2014, 12:44 pm, 1354116
The depressive donkey in A.A. Milne’s "Winnie the Pooh" stories pretty much matches the mood of Americans lately, according to the new Wall Street Journal/NBC poll released last week.


October 20, 2014, 6:45 am, 1353898
Although voters in the U.S. are unlikely to be swayed by lower gas prices, the price drop may lead to significant political maneuvering abroad as Russia and Iran, two major oil exporters, feel an economic pinch.


October 20, 2014, 12:45 am, 1353781
Robert Litan: Online commerce accounts for about 6% of all retail sales this year, up from essentially zero in 2000.


October 19, 2014, 4:44 am, 1353599
Robert Litan: Online commerce accounts for about 6% of all retail sales this year, up from essentially zero in 2000.