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”


October 20, 2014, 8:44 am, 1353953
Europe is fearful as it teeters on the brink of deflation. As the chart shows, September consumer prices in the eurozone were just 0.3 percent higher than in the same month a year ...


October 7, 2014, 8:44 am, 1347206
Last May, I posted an item on the economic situation in the rebellious regions of Eastern Ukraine, or
“Novorossiya” (New Russia), to use the term increasingly favored by separatists and ...


October 5, 2014, 8:44 am, 1346242
The US unemployment rate fell to 5.9 percent in September, dropping below 6 percent for the first
time in more than six years. The decrease was powered, in part, by strong growth ...


September 26, 2014, 12:44 pm, 1341843
Revised data released today by the Bureau of Economic Analysis show that the US economy grew at a 4.6 percent annual rate in the second quarter of 2014, even faster than the 4.2 ...


September 22, 2014, 10:44 am, 1339107
Last week the Tax Foundation released its annual International Tax Competitiveness Index for 2014.

The United States ranked 32 out of 34 OECD countries surveyed. Only Portugal and France got lower ...


September 17, 2014, 10:44 am, 1336465
Today at 1 p.m. Eastern (10 a.m. Pacific), I will be doing an "Ask Me Anything" session on Reddit on the topic of universal basic income (UBI). Here is the general link to the page where my discussion will appear. I will post an exact link to the ...


September 15, 2014, 2:44 am, 1334838
A market for blood? Many Americans, used to being rewarded for a donation with a warm feeling of talking to WPTV of West Palm Beach, Florida.
public service rather than cold cash, ...


September 14, 2014, 10:44 pm, 1334797


September 6, 2014, 10:44 am, 1330379
The Bureau of Labor Statistics reported Friday that the broad unemployment rate and long-term
unemployment have fallen to new lows for the recovery, despite a slowdown in the growth of payroll jobs. ...


September 4, 2014, 4:44 pm, 1329432
Living with Water Scarcity, David Zetland. Back in April I posted a review of David Zetland's book that recommended it not only as a short, readable treatment of the high-profile issue ...