Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.


Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.


Click on the image to get a bigger version.


March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.


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.


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.


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Free Exchange


May 3, 2018, 11:46 am, 1851956

RARELY have investors lavished so much attention on a single word. After a two-day meeting, the Federal Reserve dropped the word “patient” from its monetary-policy statement. Why the fuss over this single word?

"Patient”, in Fed-speak, indicates that it will hold off increasing ...


May 3, 2018, 11:46 am, 1851957

A HISTORIAN looking back at tomorrow's budget, due to be revealed by George Osborne, the chancellor of the exchequer, may well write:

Faced with an economic crisis and a large budget deficit, the British government was forced to raise taxes and implement a ...


May 3, 2018, 11:46 am, 1851958

THIS week our correspondents discuss the rise of the dollar, the turn in America's interest rate cycle and the upcoming Fed meeting


May 3, 2018, 11:46 am, 1851959

THIS week's print edition has an array of economics articles that may be of interest. The following have particularly caught our eye:

Global manufacturing: Made in China? (Leaders)

Bankruptcy in America: A fresh start? (United States)

Infrastructure:Aerotropolitan ambitions(China)

The economy ...


May 3, 2018, 11:46 am, 1851955

DANNY ALEXANDER, Britain's chief secretary to the Treasury (a position akin to a deputy finance minister), has a tricky job close to an election. On the one hand, Mr Alexander—a Liberal Democrat—has had to sign off on the budget presented yesterday by ...


May 3, 2018, 11:46 am, 1851954

IN THIS week's print edition, we take a look at the latest budget, delivered yesterday by George Osborne, the Conservative chancellor of the exchequer. We called his plans for a rollercoaster of spending cuts until 2018, followed by a splurge, "


May 3, 2018, 11:46 am, 1851951

INFLATION picks up in America, Google poaches Morgan Stanley's finance chief and Spanish banks go on the takeover trail


May 3, 2018, 11:46 am, 1851952

THIS morning Britain's Office for National Statistics announced that inflation, as measured by theConsumer Prices Index (CPI),dropped to 0% in February (see chart): down from 0.3% in January and 0.5% in December. Rather ...


May 3, 2018, 11:46 am, 1851953

THIS week's print edition has an array of economics articles that may be of interest. The following have particularly caught our eye:

The budget: Bust to boom (Britain)

The mighty dollar: Feeling green (Finance)

Iraq's economy: An empty chest ...


May 3, 2018, 11:46 am, 1851950

SINCE the publication of "Capital in the Twenty-First Century", Thomas Piketty has won many plaudits for his work on inequality. The book has so far sold more than 1.5m copies. Its arguments have been praised by Nobel-prize winners and politicians alike. Last ...