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

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)


September 30, 2014, 5:33 pm, 1344018

1. From Margaret Wente’s article “The New Campus Sex Puritans” in the Globe and Mail:

Sixty years ago, sexual behavior among the young caused deep alarm among the puritanical religious right. Today, it causes deep alarm among the puritanical progressive left. Like their forebears, they are doing their best ...


September 30, 2014, 5:33 pm, 1344019

The Energy Information Administration (EIA) released new state crude oil production data yesterday for the month of July, and one of the highlights of that monthly report is that oil output in America’s No. 1 oil-producing state – Texas ...


September 30, 2014, 11:33 am, 1343773

The Energy Information Administration (EIA) released new data this week on international energy production for the month of June, and here are some highlights of that update:

1. For the 20th month in a row starting in November 2012, “Saudi ...


September 29, 2014, 9:33 pm, 1343339

Here are some questionable statistics about CEO pay that we learn about from the AFL-CIO’s Executive Paywatch webpage:

1. In 2013 the CEO-to-worker pay ratio was 331:1 and the CEO-to-minimum-wage-worker pay ratio was 774:1. America is supposed to be the ...


September 29, 2014, 5:33 pm, 1343232


September 29, 2014, 3:33 pm, 1343148

Quite a lot, as James Courtovich explains in today’s Wall Street Journal – they are both examples of pro-consumer, innovative, disruptive, superior and cheaper alternatives to entrenched, bureaucratic, unionized, and anti-consumer/student, status quo monopoly providers. In words, both Uber and school choice provide better, low-cost alternatives to transportation and ...


September 29, 2014, 1:33 pm, 1343072

Paul Krugman recently accepted a position at an income inequality institute at the City University of New York (CUNY). According to a public records request (first reported by Gawker), Krugman will be paid $25,000 per ...


September 29, 2014, 11:33 am, 1342989

Here’s an excerpt from Russell Gold’s article in today’s WSJ about “peak oil” titled, “Why Peak-Oil Predictions Haven’t Come True: More Experts Now Believe Technology Will Continue to Unlock New ...


September 28, 2014, 9:33 pm, 1342659

1. Chart of the Day. The CPB Netherlands Bureau for Economic Policy Analysis reported this week on world trade and world industrial production through July. Over the most recent 12-month period, world trade increased by 2.8% and world industrial ...


September 27, 2014, 11:33 am, 1342293

From the Associated Press:

The price of a gallon of gasoline may soon start with a ‘‘2′’ across much the country. Gasoline prices typically decline in autumn, and this year they are being pulled even lower by falling global oil ...