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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Newmark’s Door (Craig Newmark)

October 31, 2014, 7:33 am, 1361481

Short answer:

. . . Navy had the most distance between talent and success. Despite military-academy restrictions that make recruiting top players difficult, Navy made bowl games in four of the last five seasons as they outperformed their recruiting expectations by 57.4 spots on average.

October 31, 2014, 7:33 am, 1361483

Backup singers are one of the keys to rock 'n' roll, and according to this, now almost everybody can have some.

October 31, 2014, 7:33 am, 1361482

October 30, 2014, 7:33 am, 1360613

The "microbiome" continues to be the new hotness in things dietary.

See also "An apple a day could keep obesity away".

October 30, 2014, 7:33 am, 1360612

"How I Rewired My Brain to Become Fluent in Math: Sorry, education reformers, it’s still memorization and repetition we need.

"The best way to teach kids math is not in a classroom".

Lists of independent facts without a network of connections are hard to ...

October 30, 2014, 7:33 am, 1360611

Absolutely. Maya MacGuineas, president of the Committee for a Responsible Federal Budget:

What was needed then and is still needed now is a plan–not for short-term austerity but to address our medium- and long-term debt situation. Policies need to be phased in gradually and designed to support the ...

October 30, 2014, 7:33 am, 1360610

Dang clever.

Kempf is the unlikely founder of Advancing Eco Agriculture, a consulting firm established in 2006 to promote science-intensive organic agriculture. The entrepreneur’s story is almost identical to Zook’s. A series of crop failures on his own farm drove the 8th grade-educated Kempf to school himself ...

October 29, 2014, 7:33 am, 1359727

Interesting. Apparently, as has been the case in other instances recently--proper diet, climate change, among others--the science is not "settled"

For one objection, Hatfill wants it known that, while it must be emphasized that airborne droplet and particle transmission between humans has not been evident in this ...

October 29, 2014, 7:33 am, 1359725

Americans, generally, apparently know the same amount about federal expenditures as my students did. Which is to say: not much.

See also Ilya Somin, "The persistence of public ignorance about federal spending".

October 29, 2014, 7:33 am, 1359726

What NCAA President Mark Emmert said about the Wainstein report on the troubles at UNC-Chapel Hill.

And see "President of Macalester College Calls for University of North Carolina to Lose its Accreditation Over Academic Fraud Scandal".

I'm not convinced anything really bad will happen to UNC-CH. But it seems more ...