Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.


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.


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 .


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.


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Carpe Diem - AEI (Mark J. Perry)


May 5, 2015, 3:33 pm, 1468091

Inspired by Don Boudreaux’s open letter to Sen. Bernie Sanders:

Sen. Bernie Sanders (I-VT)
Capitol Hill
Washington, DC

Dear Sen. Sanders:

You want to raise the minimum wage and prevent what you allege to be “corporately backed” freer trade.  Your positions are inconsistent with each other.

Presumably ...


May 4, 2015, 11:33 am, 1467154

1. Chart of the Day (above). The global stock market rally continues, as the MSCI World Index went above 1,800 in April for the first time ever. Compared to the recession-related low of 750 in early 2009, the MSCI global stock market index ...


May 3, 2015, 11:33 pm, 1466798

At the Bankable Insight blog, Charles Seeburger features these ten great quotations below from Milton Friedman, along with some of his commentary following each quote here.

Equality and Freedom. A society that puts equality before freedom will get neither. A society that ...


May 3, 2015, 11:33 pm, 1466797

How much do you know about the news and current events?

Test your knowledge of prominent people and major events in the news by taking this 12-question quiz. Then see how you did in comparison with a nationally representative group of more than 3,000 randomly selected U.S. adults surveyed online ...


May 1, 2015, 11:33 am, 1465622

Every time that CEO salaries of large companies are reported, there’s always a lot of hand-wringing, criticism of “excessive CEO compensation,” and the inevitable comparisons of rising CEO salaries to stagnant pay for average workers and how that fuels rising income inequality, etc. ...


April 30, 2015, 11:33 am, 1464843

For the last several years, I’ve been regularly posting charts like the one above showing the history of US newspaper advertising revenue back to 1950, based on data from the Newspaper Association of America. Those charts have been noteworthy for several reasons.

First, ...


April 30, 2015, 1:33 am, 1464547

1. Chart of the Day. From the IBD editorial “The Other Clinton Foundation Scandal“:

A closer look at the [Clinton Foundation] numbers shows a mere 13% of program expenses — and just 10% of total spending — went for grants and aid ...


April 29, 2015, 1:33 pm, 1464108

The Energy Information Administration (EIA) released new data today on international energy production for the months of November and December 2014, and here are some highlights of that update:

1. For the 26th month in a row starting in November 2012, “Saudi America” ...


April 27, 2015, 5:33 pm, 1462680

1. Chart of the Day. More permits for single-family homes have been issued in Houston than in the entire state of California both: a) this year through March (9,184 in Houston vs. 9,081 in California) and b) from 2011 through March 2015 (133,462 ...


April 24, 2015, 9:33 pm, 1461612

The Bureau of Labor Statistics just released its annual report on the “Characteristics of Minimum Wage Workers, 2014,” and here are some highlights:

Age. For workers ages 16 to 19 years old, only 15.3% made the minimum wage or less in 2014 (about 1 in every 6.5 workers in that ...