Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

Click on the image to get a bigger version.


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.


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Carpe Diem (Mark J. Perry)

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


April 24, 2014, 11:33 am, 1260394

1. Chart of the Day: The chart above compares annual per-capita personal income in North and South Dakota from 1929 to 2013 and helps to quantify the effect of the shale oil boom on North Dakota’s economy. After closing ...


April 23, 2014, 5:33 pm, 1259874

In a Sunday’s NY Times article “From Rags to Riches to Rags,” Professor Mark Rank of Washington University highlights a number of studies finding a significant amount of income mobility in the US. The empirical evidence showing that ...


April 23, 2014, 3:33 pm, 1259786

1. The ice coverage of the Great Lakes this week is 32.8%, which is 39X the 0.84% median ice coverage at this time of year, based on updated data from the Canadian Ice Service (who knew there was ...


April 23, 2014, 11:33 am, 1259626

The Energy Information Administration (EIA) released new data yesterday on international energy production for the months of November and December 2013. For the 14th straight month starting in November 2012, total petroleum production (including crude oil and other ...


April 23, 2014, 11:33 am, 1259625

In a landmark decision yesterday in favor of advancing equal treatment for all and moving towards a colorblind society, the Supreme Court voted 6-2 to support Michigan voters’ decision in 2006 to end the discriminatory practices of affirmative action discrimination and racial preferences profiling for admissions to the state’s public ...


April 22, 2014, 7:33 pm, 1259208
Rank Country Daily OIL Production  (1,000 barrels), DEC 2013 1 Russia 10,118 2 Saudi Arabia 9,740 3 United States


April 22, 2014, 7:33 pm, 1259207

Here’s my AEI colleague Charles Murray’s open letter to the students of Azusa Pacific University, whose cowardly president abruptly “postponed” Charles’ scheduled appearance on campus to discuss his new book “The Curmudgeon’s Guide to Getting Ahead.”


April 22, 2014, 1:33 pm, 1258981

The EIA released new energy data recently (see Table 7) showing that the US had the second most energy-efficient economy in history last year, based on the amount of energy consumed to produce each real dollar of Gross ...


April 22, 2014, 11:33 am, 1258893

In a great editorial in 2009 (excerpts appear below), Investor’s Business Daily reminded us of the main, but unrecognized force that has driven the environmental improvements that have taken place since the first Earth Day in 1970 – capitalism, and the wealth generated by the free market. ...


April 22, 2014, 9:33 am, 1258818

From my op-ed in today’s Investor’s Business Daily (which started in April 1984 and is now celebrating “30 years of innovation and growth”) titled “Earth Day: Hail Fossil Fuels, Energy of the Future“:

On Earth Day, according to various advocates, “events are held worldwide to increase ...