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.


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 .

Click on the image to get a bigger version.

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.


The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.

RSS Feed

Carpe Diem - AEI (Mark J. Perry)

October 5, 2015, 11:33 am, 1553300

It’s been a couple of months and time now for my sixth “quarterly” spelling/punctuation/grammar rant of the year (see my last five here, here, here, here and here) on what I think is the most common spelling/punctuation/grammar/orthographic mistake in ...

October 4, 2015, 11:33 pm, 1553072

In 1996, New York Times science columnist John Tierney wrote an article that appeared in the New York Times Magazine about compulsory recycling titled “Recycling is Garbage.” Tierney’s controversial argument in that article can be summarized as follows: Recycling may be the most wasteful activity in modern America. Tierney ...

October 3, 2015, 1:33 pm, 1552839

1. Chart of the Day (above). According to data released this week by the EIA, US natural gas (marketed) production reached a new all-time record high in July of 2.46 trillion cubic feet. For the 54% increase in America’s natural gas production ...

October 1, 2015, 11:33 pm, 1552193

Manufacturing Day occurs annually on the first Friday of October (October 2 this year) and according to its sponsors “MFG DAY” is a “celebration of modern manufacturing meant to inspire the next generation of manufacturers.” To recognize Manufacturing Day this year, I’ve prepared a series of charts and facts about ...

September 30, 2015, 11:33 pm, 1551575

Trigger Warning: If you are upset by the accurate reporting of facts, statistics and data about campus sexual assault please stop reading now.

In a January 2014 report titled “Rape and Sexual Assault: A Renewed Call to Action” (which led to the creation of ...

September 29, 2015, 9:33 pm, 1550983

1. Chart of the Day I (above). The Brewers Association reported yesterday that an important beer milestone was reached this month when the number of active breweries in the US surpassed 4,000 for the first time since 1873, more than 140 years ...

September 28, 2015, 5:33 pm, 1550347

1. Chart of the Day (above). According to data released today by the Federal Highway Administration, Americans drove more in July than any previous month in US history. On a monthly basis, the total vehicle miles traveled on all US roads and ...

September 28, 2015, 1:33 am, 1549893

1. Pope John XXIII (1958-1963)

Pope Pius XI further emphasized the fundamental opposition between Communism and Christianity, and made it clear that no Catholic could subscribe even to moderate Socialism. The reason is that Socialism is founded on a doctrine of human society which is bounded by time and takes ...

September 24, 2015, 7:33 pm, 1548903

1. Venn Diagram of the Day (above). Do higher prices/wages reduce demand or not? Inspired by Walter E. Williams’ column yesterday “Liberal Reasoning? Idiotic or Dishonesty?“, here’s a slice:

The Seattle City Council voted unanimously to establish a tax on gun and ammunition ...

September 23, 2015, 5:33 pm, 1548265

The table above helps to put America’s ridiculously large $17.4 trillion economy (GDP in 2014) into perspective by comparing America’s largest 20 metro economies in 2014 based on data released today by the BEA) to the economies of entire countries with similar ...