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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artdiamondblog.com

"Art Diamond’s web log”


December 2, 2014, 5:33 am, 1380698



(p. A13) . . . Duke economic historian Craufurd D. Goodwin employs the writings of the once-famous newspaper columnist Walter Lippmann to describe the fervid U.S. debates that began with the 1929 stock-market crash.


. . .


Lippmann established his intellectual credentials in the 1920s, ...


November 28, 2014, 5:33 am, 1379116



(p. A11) While slaves were oppressed by the social order, Mr. Rediker argues, pirates on the high seas were remaking it. An estimated 2,500 buccaneers prowled the Atlantic and the Caribbean at any given time during the first half of the 18th century. The great majority ...


November 26, 2014, 5:33 am, 1378189



(p. A1) EASTON, N.Y. -- Something strange is happening at farms in upstate New York. The cows are milking themselves.

Desperate for reliable labor and buoyed by soaring prices, dairy operations across the state are charging into a brave new world of udder care: robotic milkers, which feed ...


November 24, 2014, 5:33 am, 1376768



(p. A17) Whether the Affordable Care Act lives up to its name depends on how, or whether, you consider its consequences for the wider economy.


. . .


I estimate that the ACA's long-term impact will include about 3% less weekly employment, 3% fewer aggregate work ...


November 14, 2014, 5:33 am, 1371314



Source of graph: online version of the WSJ article quoted and cited below.



(p. A6) "A lot of people ...


November 10, 2014, 5:33 am, 1368046

























Source of ...


October 25, 2014, 5:33 am, 1357547



Source of graph: online version of the NYT article quoted and cited below.



(p. A1) WASHINGTON -- Is a family ...


October 23, 2014, 5:33 am, 1356134



(p. A11) Mr. Bryce's engrossing survey has two purposes. The first is to refute pessimists who claim that technology-driven economic growth will burn through the planet's resources and lead to catastrophe. "We are living in a world equipped with physical-science capabilities that stagger the imagination," he writes. ...


October 21, 2014, 5:33 am, 1354597



(p. R3) College degrees and internships don't produce the same quality of worker as intensive, on-the-job apprenticeships, says Brad Neese, director of Apprenticeship Carolina, a program of the South Carolina Technical College System. Employers are seeing "a real lack of applicability in terms of skill level" from ...


October 14, 2014, 5:33 am, 1350627



(p. B4) A study published this year in the journal Experimental Brain Research found that measurements of people's heart rates, hormonal levels and other factors while watching a boring movie -- men hanging laundry -- showed greater signs of stress than those watching a sad movie.

"We tend ...