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 .

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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.


The Economics Roundtable is sponsored by EconModel.

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

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Carpe Diem - AEI (Mark J. Perry)

October 24, 2014, 5:33 pm, 1357426

In today’s WSJ, physicist and Manhattan Institute senior fellow Mark Mills explains why “The Oil Price Swoon Won’t Stop the Shale Boom,” and why in fact Shale Boom 2.0 is ...

October 24, 2014, 1:33 pm, 1357267

Matt Ridley has a great column on why cheap oil is unambiguously good news – it makes the world richer and fairer, and in the process allows us to abolish much more poverty, disease and misery. Here’s an excerpt:

October 23, 2014, 11:33 pm, 1356795

1. Bringing House Calls Back with UberHEALTH — Now there’s an Uber for flu shots. Today the ride-sharing service announced a one-day UberHEALTH pilot program in partnership with Harvard Medical School to deliver free flu shots on-demand. From 10 a.m.- 3 p.m. today Uber drivers delivered a registered ...

October 23, 2014, 7:33 pm, 1356662

There’s been a lot of good economic news recently, here’s a sample below of pretty positive economic reports that were (mostly) released this week.

1. Business Lending. The total volume of commercial and industrial loans at all US commercial banks reached an ...

October 23, 2014, 3:33 pm, 1356514

Dan Rothschild wrote in April (“How Uber and Airbnb Resurrect ‘Dead Capital’“) that the two biggest economic stories of the last decade are: a) the Great Recession and b) the rise of the entrepreneurial sharing economy, or as he describes it, “a category of new businesses that turn ...

October 22, 2014, 5:33 pm, 1355793

On the White House blog, Ann Arbor-based Zingerman’s Deli co-owner Paul Saginaw extols the virtues of raising the minimum wage, here’s an excerpt of his post titled “A Small Business Owner’s Perspective: ‘A High Road on the ...

October 22, 2014, 3:33 pm, 1355719

…. is from Alex Epstein’s forthcoming book “The Moral Case for Fossil Fuels“:

The cheap, plentiful, reliable energy we get from fossil fuels, combined with human ingenuity, gives us the ability to transform the world around us into a place that is far safer from any health hazards (man-made or ...

October 21, 2014, 9:33 pm, 1355168

October 21, 2014, 5:33 pm, 1355065

The chart above shows a most amazing economic phenomenon: Since December 2007 when the Great Recession started, Texas civilian employment has increased by 12% and by more than 1.32 million jobs, from just over 11 million jobs in December 2007 to 12.32 million in September of this year (see blue ...

October 21, 2014, 3:33 pm, 1354989

…. is from the introduction of Radley Balko’s book Rise of the Warrior Cop: The Militarization of America’s Police Forces:

How did we evolve from a country whose founding statesmen were adamant about the dangers of armed, standing government forces — a country that enshrined the Fourth Amendment in ...