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?


Click on the chart for a larger version.


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Ed Dolan’s Econ Blog

"A Resource for Teachers of Economics”


February 8, 2016, 8:44 am, 1606320
The presidential campaign has brought new attention to the problem of banks that are too big to fail (TBTF).

As everyone agrees, the largest banks are bigger than ever. As the following ...


January 8, 2016, 8:44 am, 1597134
Can liberals and progressives talk to conservatives about climate change? Some on the left say, “No.” Theyhave the idea that it is a waste of time to bring conservatives into the discussion—conservatives ...


January 4, 2016, 8:44 am, 1595638
Progressives see climate change and economic inequality as two of the big problems of our time. As the global aid organization Oxfam points out in a recent media briefing ...


December 7, 2015, 8:44 am, 1587108
The latest polls of US public opinion bring both good news and bad for the success of the COP21 climate talks now underway in Paris.

On the positive side, a new


December 1, 2015, 8:44 am, 1584200
Note to Readers: Ed Dolan's Econ Blog is back, now that I have finished a time-consuming revision of my econ textbook (to be released soon). Thank you for your patience.

The GOP primary ...


July 15, 2015, 12:44 pm, 1509695
Bernard Avishai, who teaches business at the Hebrew University in Jerusalem, published an article in The New Yorker this week titled “Why Greece Needs the Euro.” A key part of his argument ...


July 7, 2015, 12:44 pm, 1504959
Donald Trump is surging in the GOP primary polls, partly on the basis of a carefully craftedreputation for telling it as it is. Even rival Ted Cruz thinks Trump is “teriffic” ...


July 5, 2015, 12:44 am, 1502220
The BLS announced Friday that the US economy added 295,000 jobs in February, bringing the unemployment rate to 5.5 percent, a new low for the recovery. The leading stock indexes immediately plunged. The ...


July 5, 2015, 12:44 am, 1502218
It is hard to think of a website so loved by its followers and so scorned by economists as John Williams' ShadowStats, a widely cited source of alternative economic data on inflation ...


July 5, 2015, 12:44 am, 1502219
At a meeting in Kazakhstan last week, Russian President Vladimir Putin proposed a currency union for the members of the Eurasian Economic Union (EAEU). Russia, Kazakhstan, Belarus, and Armenia are the ...