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 .


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.


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

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artdiamondblog.com

"Art Diamond’s web log”


April 1, 2014, 5:33 am, 1248957



(p. A15) Most commentators viewed the February [2014] jobs report released on March 7 as good news, indicating that the labor market is on a favorable growth path. A more careful reading shows that employment actually fell--as it has in four out of the past six ...


March 28, 2014, 5:33 am, 1247415



(p. A21) . . . Mr. Ryan said two years ago: "We don't want to turn the safety net into a hammock that lulls able-bodied people to lives of dependency and complacency, that drains them of their will and their incentive to make the most ...


March 12, 2014, 5:33 am, 1239149



(p. B4) . . . , Charlene Conway is watching her numbers. For 22 years, Ms. Conway and her husband have run Carousel Family Fun Centers in Fairhaven and Whitman, Mass. The business has annual revenue of less than $500,000 and depends exclusively on part-time minimum-wage ...


March 9, 2014, 7:33 am, 1237562











Jared Diamond. Source of photo: online version of the NYT article quoted and cited below.
...


March 5, 2014, 5:33 am, 1235511



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



(p. A13) Angus Maddison, the late ...


February 19, 2014, 5:33 am, 1227483



"Spam gift boxes at the Lotte Department Store in Seoul." Source of caption and photo: online version of the NYT article quoted and ...


January 31, 2014, 5:33 am, 1218169



Kelly may be right, but it does not imply that we will all be unemployed. What will happen is that new and better jobs, and entrepreneurial opportunities, will be created for humans.

Robots will do the boring, the dangerous, and the physically exhausting. We will do ...


January 24, 2014, 5:33 am, 1214276


















Source of book image: http://img2-1.timeinc.net/ew/i/2013/11/05/Smarter-
Than-You-Think.jpg




(p. 11) ...


January 21, 2014, 5:33 am, 1212184




Economists and historians continue to debate the importance or unimportance of railroads in the economic growth of the United States. This is a debate that I need to explore more.


(p. 129) It is doubtful that either [Scott or Carnegie] . ...