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?


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EconModel

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


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Carpe Diem - AEI (Mark J. Perry)


June 24, 2016, 11:33 am, 1648219

…. is from Thomas Sowell writing in 2012:

The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a ...


June 23, 2016, 7:33 pm, 1648025


There’s a new website called “Launch My Career Colorado” that went live on June 10 and is a first-in-the-nation, interactive web tool that ...


June 23, 2016, 3:33 pm, 1647958

The title of this San Jose Mercury News article sums it pretty well — “California’s skyrocketing housing costs, taxes prompt exodus of residents,” here’s more:

Living in San Jose, Kathleen Eaton seemingly had it all: a well-paying job, a home in a gated community, even the Bay Area’s temperate weather. ...


June 22, 2016, 7:33 pm, 1647702

1. Chart of the Day I (above). I posted a chart last week on CD showing the precipitous decline in US newspaper advertising revenue, and am ...


June 21, 2016, 3:33 pm, 1647271


June 20, 2016, 5:33 pm, 1646980

This is Part III of a ...


June 16, 2016, 9:33 pm, 1646130

1. Chart of the Day I (above).  Based on newspaper data released yesterday by the Pew Research Center (“Newspapers: Fact Sheet“) including figures for annual newspaper advertising ...


June 13, 2016, 5:33 pm, 1645036


This is an updated and revised version of a CD post from last year that generated nearly 300 comments because of the controversial ...


June 12, 2016, 3:33 pm, 1644711

… are from Henry George’s 1905 book Protection or Free Trade, which  was Milton Friedman’s favorite book on trade, according to Cato Institute’s Jim Powell, ...


June 10, 2016, 1:33 pm, 1644420

1. Chart of the Day (above). The Federal Reserve released its quarterly report yesterday on “Financial Accounts of the United States” and in the section on “