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.

RSS Feed


"Explaining the Science of Everyday Life”

The New York Times

April 22, 2014, 7:33 am, 1258742
Economix is coming to an end, but it will be succeeded by The Upshot, a new politics, policy and economics site.

April 18, 2014, 7:33 am, 1257515
The higher cost for borrowers in a Senate bill reforming Fannie Mae and Freddie Mac corresponds to the protection for taxpayers that was missing in the old system, writes an economist.

April 17, 2014, 7:33 pm, 1257368
New car sales are up by more than 10 percent in Ireland, Greece, Spain and Portugal, which signals stronger economic growth there, even if sales are still far below 2007 levels.

April 17, 2014, 1:33 am, 1256798
Much progress has been made on overseeing the largest banks, but a good deal more must be done to toughen standards and end government subsidies, an economist writes.

April 16, 2014, 3:33 pm, 1256596
The Affordable Care Act imposes economic burdens that are the equivalent of taxes, an economist writes.

April 15, 2014, 3:33 pm, 1255968
If the rich are getting richer, and the middle class incomes are stagnating, it seems fair that the rich pay more in taxes, writes an economist.

April 15, 2014, 1:33 pm, 1255886
The shift of women into the workplace is one of the less heralded drivers of economic expansion. If American women didn't work, the economy would be about 11 percent smaller.

April 14, 2014, 1:33 am, 1255005
The federal government is trying to involve private investors in programs that seek to solve societal problems, an economist and a White House official write.

April 11, 2014, 7:33 pm, 1254565
In 2011, there were 117 tax returns that showed both total income of at least $5 million as well as unemployment insurance income.

April 11, 2014, 3:33 pm, 1254474
The Great Moderation -- that period of relatively steady growth -- is still with us, but it's a little more nuanced, says Jason Furman, head of the president's Council of Economic Advisers.