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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"A Resource for Teachers of Economics”


July 23, 2014, 2:44 pm, 1303835
On Tuesday, the Bureau of Labor Statistics announced that the US Consumer Price Index (CPI) rose Mike Bryan on the Atlanta Fed’s Macroblog has made me think again.
at ...


July 14, 2014, 10:44 am, 1300614
I spent last week reading about beauty—not from the perspective of poetry or art history, but from
that of economics and social commentary.

The first of two books I read on the ...


July 10, 2014, 6:44 pm, 1299467
Like a majority of my neighbors, I voted in favor of Initiative 502, legalizing the sale of marijuana, in
the 2012 general election. Some voted for the ...


July 5, 2014, 10:44 am, 1296996
With improvement in all the headline indicators, today’s report on the US employment situation was
one of the strongest of the recovery. The unemployment rate fell 6.1 percent, a new low for ...


June 30, 2014, 10:44 am, 1293163
According to the latest public opinion poll from CNNMoney, 61 percent of Americans think it will this slideshow for charts and analysis of the latest GDP revisions.)
take three more ...


June 28, 2014, 8:44 pm, 1292751
The third estimate of U.S. real GDP for Q1 2014, released this week by the Bureau of Economic Analysis, showed that the economy contracted at a 2.9 percent annual rate in the quarter. ...


June 25, 2014, 10:44 am, 1291127
Writing for the Upshot section of the New York Times, Harvard economist Greg Mankiw has weighed
in on the Pikkety debate. He accepts Pikkety’s scenario of ever increasing inequality as at ...


June 16, 2014, 10:44 am, 1286784

Recently Bill Gardner, a contributor to the healthcare policy blog The Incidental Economist, posted a piece titled “Disseminating Research: Translators Needed.” His comments are relevant to economics ...


June 13, 2014, 10:44 am, 1285897
On Wednesday, the Russian news agency RIA-Novosti announced that Konstantin Yankauskas, a this earlier post, the fight against corruption was the principal plank in Navalny’s campaign.
deputy of the Moscow ...


June 6, 2014, 2:44 pm, 1282830
The Bureau of Labor Statistics reported today that the broad unemployment rate, U-6, fell to 12.2
percent in May. As the following chart shows, that was a new low for the ...