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.


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.


EconModel

The Economics Roundtable is sponsored by EconModel.

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


RSS Feed

Marginal Revolution

"Small steps toward a much better world”


June 30, 2016, 2:05 pm, 1649889

The author is Benjamin Grob-Fitzgibbon and the subtitle is Britain and Europe from the End of Empire to the rise of Euroscepticism.  It is maybe the best book to read on Britain’s earlier relations with the European Union.  Here is one bit:

The vast majority of the Labour ...


June 30, 2016, 2:05 pm, 1649890

June 30, 2016, 8:05 am, 1649767

Popular Science: A pilot A.I. developed by a doctoral graduate from the University of Cincinnati has shown that it can not only beat other A.I.s, but also a professional fighter pilot with decades of experience. In a series of flight combat simulations, the A.I. successfully evaded retired U.S. ...


June 30, 2016, 4:05 am, 1649707

The combination of mass joblessness, wage cuts, and higher taxes means disposable household incomes have fallen even further. To make up the difference, Greeks have been eating into their savings. In 2006-2009, the personal savings rate averaged about ...


June 30, 2016, 2:05 am, 1649688

Soon I will be recording a podcast-only, no live attendance, no live video Conversations with Tyler with Michael Orthofer.  Michael runs the site Literary Saloon and is perhaps the world’s most productive book reviewer and book review blogger, with a focus on foreign fiction translated into English.  ...


June 29, 2016, 2:05 pm, 1649542

Speaking at the end of a summit in Brussels where EU leaders started trying to pick through the wreckage after David Cameron’s referendum defeat, Mr Hollande warned that it would be unacceptable for clearing — a crucial stage in ...


June 29, 2016, 12:05 pm, 1649504

The answer seems to be twenty, seventeen for personal finance.  Here is a full report on that topic (pdf).  Most of those states are in the South, plus CA, NY, IN, and MI.  Virginia is often considered the national leader with regard to actual substance and quality.

Here ...


June 29, 2016, 4:05 am, 1649378

Offhand I can think of at least four.  I would suggest these as options to consider, rather than verified:

1. The comparative advantage of the largest nations is greater than before.  The UK stands relatively powerless vis-a-vis the EU, and the EU itself may be dissolving or at least weakening.  ...


June 29, 2016, 2:05 am, 1649358

Jacob Levy has a very good post on this topic, here is one bit from it:

There’s a level of popular belief that the EU enforces illiberal and market-unfriendly policies on Britain. On the fiscal side, here’s a comparison of British public spending as a share of GDP ...


June 28, 2016, 4:05 pm, 1649261

The Government of Canada has made it a top priority to re-establish and strengthen our relationship with one of our most important partners, Mexico. To this end, Prime Minister Trudeau today announced Canada’s intention to lift the visa requirement for Mexican visitors to Canada beginning December 1, 2016. Lifting ...