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)

August 29, 2014, 7:33 am, 1326486

At least for right now, ISIS is practically defenseless against air attack

Of course, that could change.

August 29, 2014, 7:33 am, 1326487

Everything--and I do mean everything--you're likely to want to know about the use of "the" in names of rock groups

August 29, 2014, 5:33 am, 1326465

I don't think it's a "secret". Here in NC they're advertising that bad boy on TV a lot.

The $10 sandwich has 2 chicken tenders, 1.5 oz. of roast turkey, 1.5 oz. of ham, 1 slice of Swiss cheese, 1.5 oz. of corned beef, 1.5 oz. brisket, 1.5 oz. of Angus steak, 1 slice of ...

August 28, 2014, 7:33 am, 1325835

Interesting, but the article doesn't consider my preferred hypothesis: the kids are just too darned demoralized to fornicate. 

August 28, 2014, 7:33 am, 1325834

The answer sounds right, if a bit . . . icky.

August 28, 2014, 7:33 am, 1325833

The California DMV pays three--three, mind you--employees to keep HAMRJMR, PSTLCHK, RDSN57, and DOOTERS off the road

August 28, 2014, 5:33 am, 1325766

I'd be surprised, but pleased, if the "science" has improved since I attended. My college's crack housing folks put me--quiet, nerdy--with a hugely unhappy liar and a borderline alcoholic. 

It wasn't fun.

August 27, 2014, 7:33 am, 1325245

"Are you aware that Nashville is currently embroiled in an outright civil war?"

August 27, 2014, 7:33 am, 1325243

I don't think Minera will be "the future of college," but it could well be a darn sight better than a lot of what currently passes for higher education.

And at $11,450/year for tuition and fees, the price seems right.

August 27, 2014, 7:33 am, 1325244

I can certainly relate.

THE amount of goods a couple can accumulate over 44 years living in the same house can be overwhelming. 

This sounds like excellent advice:

For people thinking about beginning the task, here are some ideas from Kimberly McMahon, of Let’s Move..