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.


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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May 23, 2016, 8:44 am, 1638932
The unemployment rate published monthly by the Bureau of Labor Statistics is one of the most widely watched of all economic indicators. But why? What does it really measure?

The news media, ...


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April 11, 2016, 8:44 am, 1625477
The Obama administration has taken off the gloves in its war on runaway corporations. On April 4, theTreasury released a new set of rules designed to curb “inversions,” a strategy in which ...


April 4, 2016, 12:44 pm, 1623627
The two most watched candidates of this presidential election season, Donald Trump and Bernie Sanders, have put anger over the effects of free trade at the center of their campaigns. In doing so, ...


March 14, 2016, 8:44 am, 1617538
Like most economists, I am strongly inclined toward free trade. I cringe to see the way free trade is under attack, from both parties, during this primary season.

The two populist candidates ...


March 4, 2016, 8:44 am, 1614862
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February 15, 2016, 10:44 am, 1608711
The idea that Democrats want to make America more like Europe is a favorite Republican attack line. The New York Times, David Brooks expresses amazement that so many millennials are supporting ...


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
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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 ...