Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.

Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.

Click on the image to get a bigger version.

March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.

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.

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.

RSS Feed

Stephanomics (Stephanie Flanders)

"From the BBC’s economics editor Stephanie Flanders”

April 30, 2018, 8:10 pm, 1850152

Andrew Sentance has been voting for higher UK interest rates for nearly a year. Today, in what reads like his final speech as a member of the Monetary Policy Committee, he offers a cogent defence of his position.

As Sentance says himself, this is not a question of tactics. The ...

April 30, 2018, 8:10 pm, 1850153

There's plenty of good news in today's labour market figures. We can all take cheer from the fact that the private sector has been creating more full-time jobs - for men and women - with ministers taking extra relief from the fact that this has outpaced the fall in employment ...

April 30, 2018, 8:10 pm, 1850154

For once, a surprise in the opposite direction. City forecasters were expecting inflation to be broadly unchanged in March. Instead, the annual rate of inflation has fallen from 4.4% to 4% - thanks, in large part, to a 1.4% monthly fall in the price of food. There's also welcome ...

April 30, 2018, 8:10 pm, 1850155

The interim thoughts of the Vickers Commission have been well-trailed - and generally well-received. Robert Peston has analysed the practical and political implications at length in today's post and many previous ones.

But we should be clear on one thing - even if the Vickers Commission does everything it is ...

April 30, 2018, 8:10 pm, 1850151

For once, the first estimate for growth in the first quarter is in line with expectations - but it would be hard to argue that it's good news.

Not so long ago, many were hoping for a strong bounceback from the slowdown at the end of 2010. Instead, the figures ...

April 30, 2018, 8:10 pm, 1850150

The Federal Reserve chairman's first regular press conference in the US central bank's 98-year history was supposed to make more news when it was announced than when it actually took place. And so it proved. There was nothing much to rile the markets in Ben Bernanke's comments - on the ...

April 30, 2018, 8:10 pm, 1850147

The "epic rout" in commodity markets in recent days has left some traders and investors in a state of shock. But, if the damage turns out to be localised, Ben Bernanke will consider it useful - and we probably should as well.

The fall in prices - which has pushed the ...

April 30, 2018, 8:10 pm, 1850148

Jean-Claude Trichet was more dove-ish than expected in his press conference today after the European Central Bank's (ECB) latest meeting. The city was surprised, but Mario Draghi may come to be grateful.

You might not have taken Trichet for a dove, listening to his stern words about the "upside" risks ...

April 30, 2018, 8:10 pm, 1850149

What's the difference between a developing country financial crisis and a European one? The answer is that emerging market crises are usually done and dusted in a matter of weeks - whereas in Europe they really like to drag things out.

Watching the eurozone these past two years has been ...

April 30, 2018, 8:10 pm, 1850146

Outside of wartime, serious governments don't default. And if they do, it's a seismic market event. That's why the European authorities will do everything to prevent Greece from going down that path.

But there are plenty of ways to lower a country's debt burden which stop short of a formal ...