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 26, 2015, 9:33 pm, 1582617

1. Chart of the Day I (above). Earlier this year, the city of Los Angeles passed the “Los Angeles Hotel Minimum Wage Ordinance,” which raised the city’s minimum wage for hotel workers to $15.37 an hour on July 1. According to BLS industry ...

November 24, 2015, 1:33 pm, 1581447

This post has been an annual tradition at CD now for several years, and I feature a slightly revised version again this year!

Like in previous years, most of you probably didn’t call your local supermarket ahead of time and order a Thanksgiving turkey ...

November 23, 2015, 7:33 pm, 1581010

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There was a fascinating segment on “60 Minutes” last night (“The Future of Money“) about the “mobile money” revolution this ...

November 23, 2015, 5:33 pm, 1580955

In June of last year, the Seattle city council passed a $15 an hour minimum wage law that will be phased in over time, with the first increase to $11 an hour taking effect on ...

November 22, 2015, 1:33 pm, 1580385

There is widespread acceptance by the general public, especially among women, progressives and Democrats, of the completely bogus claim that women are paid “77 cents on the dollar for doing the same work as men,” in the words of President Obama. Hillary Clinton ...

November 20, 2015, 5:33 pm, 1579965

It’s only been about six weeks and and it’s already time for my seventh “quarterly” spelling/punctuation/grammar rant of the year (see my last six here, here, here, here, here and here) on what I think is the most ...

November 20, 2015, 11:33 am, 1579755

From a CD regular:

I think your series on index investing has been excellent. Perhaps the most dramatic way to make the point about how much fees matter is to run a few examples. Assume some round number for an amount of money invested ...

November 19, 2015, 5:33 pm, 1579298

I have frequently posted on CD about investing in passively managed index funds, which I think is a superior investment strategy for most investors after considering diversification, expenses, taxes, risk, and turnover. Some investment professionals, smart stock pickers, active fund managers, and hedge ...

November 19, 2015, 1:33 pm, 1579154

From today’s annual report from the American Farm Bureau Federation on the cost of a classic holiday meal, “Thanksgiving Dinner Up a Tad, to Just Over $50“:

The American Farm Bureau Federation’s (AFBF) 30th annual ...

November 18, 2015, 5:33 pm, 1578631

Of all of the recent articles and commentary on what Steve Hayward calls the “spreading virus” on college campuses (today’s WSJ op-ed by Charles Kesler uses the more moderate term “college madness”) I think my ...