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.

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Carpe Diem - AEI (Mark J. Perry)

November 21, 2014, 9:33 pm, 1376080

The chart above shows a most amazing economic phenomenon: Since December 2007 when the Great Recession started, Texas civilian employment has increased by 12.4% and by more than 1.36 million jobs, from just over 11 million jobs in December 2007 to 12.37 million in October of this year (see blue ...

November 21, 2014, 1:33 pm, 1375874

From the American Farm Bureau Federation (AFBF):

The American Farm Bureau Federation’s (AFBF) 29th annual informal price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $49.41, a 37-cent increase ...

November 20, 2014, 11:33 pm, 1375414

One of the most frequently reported economic trends is the gradual decline in US real median household income from its 1999 peak of about $57,000 to below $52,000 in each of the last three years (see blue line in top chart above). We ...

November 19, 2014, 9:33 pm, 1374655

1. Markets in Everything: a) Apprenticeship 2000 — “Free college, apprenticeship certification, a paycheck, and a job upon graduation,” b) the first permanent cat adoption cafe opens in Oakland, this could be the “future of pet adoption,” c) Bellhops is an on-demand moving help platform that currently employs over 10,000 ...

November 19, 2014, 3:33 pm, 1374485

1. Sweatshop Video of the Day I. A surprising and inspiring 2012 TED Talk above on the alleged exploitation of Chinese factory workers, who we are told lead miserable and bleak lives making iPhones, Coach handbags and Nike running shoes in factory sweatshops for rich ...

November 19, 2014, 3:33 am, 1374012

1. From Thomas Sowell’s column yesterday “Racial Quota Punishment“:

Under the Obama administration, both the Department of Education and the Department of Justice have been leaning on public schools around the country to reduce what they call the “disproportionate” numbers of black male students who are punished for various offenses ...

November 17, 2014, 5:33 pm, 1373017

As a follow-up to my post on Saturday about the new CBO study on the “Distribution of Household Income and Federal Taxes, 2011,” the table above shows how income inequality between the highest and lowest income quintiles changes when we account for: a) transfer payments and b) federal taxes. ...

November 17, 2014, 1:33 pm, 1372869

1. Retire Already! The Forever Professors: Academics who don’t retire are greedy, selfish, and bad for students.

2. Wind Turbine Deaths. The UK-based Caithness Windfarm Information Forum has documented 1,614 wind energy related accidents and 151 wind energy fatalities worldwide. (HT: Hitssquad)

3. Textbook Arbitrage: Making Arbitrage Profits from ...

November 15, 2014, 11:33 pm, 1372264

The Congressional Budget Office (CBO) just released its annual report on “The Distribution of Household Income and Federal Taxes” analyzing data through 2011 on American household’s: a) “market income” (a comprehensive measure that includes labor income, business income, and income from capital gains), b) household transfer payments (payments and benefits ...

November 15, 2014, 3:33 pm, 1372170

The current market capitalization of Apple, Inc. is approaching $670 billion, which is an increase of almost 33% and $165 billion from its $505 billion valuation at the beginning of this year.  That means that just one American company – Apple, Inc. – is now worth more than the ...