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?


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EconModel

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News from 1930

"Being a daily summary based upon my reading of the Wall Street Journal from the corresponding day in 1930.”


July 5, 2015, 12:34 am, 1502005

No Journal was published Tuesday, September 8, 1931, following Labor Day. See you tomorrow back in 1931! ...


July 5, 2015, 12:34 am, 1502006

No Journal was published Monday, September 7, 1931, Labor Day. I'm putting the week in review for last week in today's blog for ...


July 5, 2015, 12:34 am, 1502007

No Journal was published Sunday, September 6, 1931. See you tomorrow back in 1931!


July 5, 2015, 12:34 am, 1502008

Assorted historical stuff:

Editorial: News that the $800M 20-year ...


July 5, 2015, 12:34 am, 1502004

Assorted historical stuff:

US Census ...


July 5, 2015, 12:34 am, 1502003

Note: I only have time for a short version today, and probably for a few weeks to come, due to heavy ...


July 5, 2015, 12:34 am, 1502000

No Journal was published Sunday, September 13, 1931. See you tomorrow back in 1931!


July 5, 2015, 12:34 am, 1502001

Assorted historical stuff:

House of Commons debate adjourned ...


July 5, 2015, 12:34 am, 1502002

Note: I only have time for a short version today, and probably for a few weeks to ...


July 5, 2015, 12:34 am, 1501999

Assorted historical stuff:

Times special reports ...