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 .
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.
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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Newmark’s Door (Craig Newmark)
Andy Borowitz, not trying to satirize conservatives for once:
An organization of University of North Carolina athletic boosters expressed shock and outrage today over a report that a few members of U.N.C. sports teams may have taken real classes, despite the widespread availability of fake ones.
"I'm gonna add some bottom so that the dancers just won't hide."
Too much Red Hot Chili Pepper and Jamiroquai but otherwise, reasonable selections.
The New York Times argues that 80 can be the new 50.
"Youâ€™ll never be able to unsee these."
I'm giving BookBub a try. So far, it seems worth some clicks.
What surprised me: conservatives don't advertise much on ABC Family and Comedy Central and Liberals don't advertise much on the Golf Channel.
The White House has a scientific explanation for why reporters aren't allowed to view President Barack Obama's interactions with campaign donors: The very act of observing an event can change the event's ...
Ira Stoll, in the New York Post, speculates on the reason for Krugman's call for antitrust action against Amazon:
Itâ€™s enough to make a cynic suspect that the Timesâ€™ panic over Amazon isnâ€™t about online retailerâ€™s market power or disparate treatment at all, but the fact that ...