Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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.


The Economics Roundtable is sponsored by EconModel.

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Carpe Diem (Mark J. Perry)

"Mark J. Perry’s Blog for Economics and Finance”

June 26, 2016, 11:33 am, 1648594

There has been a lot of media and pundit commentary about Brexit, here’s a roundup of some comments that I think are especially interesting and illuminating:

1. John Bolton writing in the Boston Globe, “Brexit Victory Is a True Populist Revolt” (emphasis mine):

During 43 years of British EU membership, UK ...

June 25, 2016, 3:33 pm, 1648458

Here’s the abstract (emphasis added) from a recent research paper titled “Equal but Inequitable: Who Benefits from Gender-Neutral Tenure Clock Stopping Policies?” by three economists Heather Antecol (Claremont McKenna College), Kelly Bedard (UC-Santa Barbara), Jenna Stearns (UC-Santa Barbara):

Abstract: Many skilled professional occupations are characterized by an early period of ...

June 25, 2016, 1:33 pm, 1648442

What would happen if “Based Mom” sat down with “Based Goddess” for an hour to discuss modern-day feminism? No need to speculate—here’s the full one-hour interview (with bonus content!) featuring Factual Feminist Christina Hoff Sommers and Camille Paglia, professor at The University of the Arts. In ...

June 24, 2016, 11:33 am, 1648219

…. is from Thomas Sowell writing in 2012:

The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a ...

June 23, 2016, 7:33 pm, 1648025

There’s a new website called “Launch My Career Colorado” that went live on June 10 and is a first-in-the-nation, interactive web tool that ...

June 23, 2016, 3:33 pm, 1647958

The title of this San Jose Mercury News article sums it pretty well — “California’s skyrocketing housing costs, taxes prompt exodus of residents,” here’s more:

Living in San Jose, Kathleen Eaton seemingly had it all: a well-paying job, a home in a gated community, even the Bay Area’s temperate weather. ...

June 22, 2016, 7:33 pm, 1647702

1. Chart of the Day I (above). I posted a chart last week on CD showing the precipitous decline in US newspaper advertising revenue, and am ...

June 21, 2016, 3:33 pm, 1647271

June 20, 2016, 5:33 pm, 1646980

This is Part III of a ...

June 16, 2016, 9:33 pm, 1646130

1. Chart of the Day I (above).  Based on newspaper data released yesterday by the Pew Research Center (“Newspapers: Fact Sheet“) including figures for annual newspaper advertising ...