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?


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EconModel

The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


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WSJ:  Real Time Economics

"Economic insight and analysis from the Wall Street Journal.”


September 2, 2014, 1:03 am, 1327582

The White House and union leaders are using Labor Day reinvigorate efforts to raise the minimum wage.

Legislation to increase the federal pay floor from $7.25 an hour stalled in Congress this spring, but Democrats hope the issue will resonate with voters in November, especially in states with closely contested Senate ...


September 2, 2014, 1:03 am, 1327587
Next week it is the jobs data’s world, we just live in it. At the Jackson Hole conference, Federal Reserve chairman Janet Yellen highlighted central bank research on labor-market conditions that depends on up to 24 different labor-related series. Many of them will be updated in various releases due next ...


September 2, 2014, 1:03 am, 1327585
A sales promotion advertisement at a housing sales office in Hangzhou, Zhejiang province.  Newscom

After a modest uptick in the middle of the year, the Chinese economy ...


September 2, 2014, 1:03 am, 1327586

BRUSSELS—European Union leaders aim to meet in Italy in October and hold other discussions on the economy in the coming months amid concerns about the faltering recovery.

“In recent weeks, economic data have confirmed that the recovery, particularly in the euro area, is weak, inflation exceptionally low and unemployment unacceptably high,” ...


September 2, 2014, 1:03 am, 1327583

 

Indonesian motorists queue up for gasoline amid a shortage of subsidized fuel. Agence France-Presse/Getty Images

Indonesia squeezed out a narrow trade surplus in July but the Southeast ...


September 2, 2014, 1:03 am, 1327584
An employee works at a production line inside a Geely factory in Ningbo, Zhejiang province. Reuters

China’s productivity is slipping away, the miracle days are largely over ...


September 1, 2014, 1:03 pm, 1327489

The White House and union leaders are using Labor Day reinvigorate efforts to raise the minimum wage.

Legislation to increase the federal pay floor from $7.25 an hour stalled in Congress this spring, but Democrats hope the issue will resonate with voters in November, especially in states with closely contested Senate ...


September 1, 2014, 7:03 am, 1327358
A sales promotion advertisement at a housing sales office in Hangzhou, Zhejiang province.  Newscom

After a modest uptick in the middle of the year, the Chinese economy ...


September 1, 2014, 7:03 am, 1327357
An employee works at a production line inside a Geely factory in Ningbo, Zhejiang province. Reuters

China’s productivity is slipping away, the miracle days are largely over ...


September 1, 2014, 7:03 am, 1327356

 

Indonesian motorists queue up for gasoline amid a shortage of subsidized fuel. Agence France-Presse/Getty Images

Indonesia squeezed out a narrow trade surplus in July but the Southeast ...