Economics Roundtable

May 2014 Payroll Employment

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

Click on the image to get a bigger version.


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.


The Economics Roundtable is sponsored by EconModel.

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

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"Art Diamond’s web log”

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 ...

October 10, 2014, 5:33 am, 1348984

(p. 6) . . . , Greg Clark, a professor of economics at the University of California, Davis, has gone so far as to argue that the Industrial Revolution was in part a self-control revolution. Many economists, beginning with Adam Smith, have argued that factories -- an ...

September 24, 2014, 5:33 am, 1340332

(p. 4) A recent study, published in The American Sociological Review, aimed to see whether the stress of work-life conflicts could be eased if employees had more control over their schedules, including being able to work from home.   . . .

The study, financed ...

September 16, 2014, 5:33 am, 1335632

(p. A13) . . . , a lack of "demand" is no longer the problem.

. . .

Where, instead, are the problems? John Taylor, Stanford's Nick Bloom and Chicago Booth's Steve Davis see the uncertainty induced by seat-of-the-pants policy at fault. Who wants ...

September 3, 2014, 5:33 am, 1328327

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

(p. 4) JUST over 50 ...