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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Newmark’s Door (Craig Newmark)


December 14, 2014, 9:33 am, 1388833

What do Liberals want? A huge part of it is in this short piece. They want--profoundly, desperately--for it to be 50 years ago. The Birmingham church bombing. The March on Washington. The 1964 Civil Rights Act. When they were young--so young--and so noble and fighting that really, really ...


December 14, 2014, 9:33 am, 1388834

Holman Jenkins, Jr. details the government's attempt to find racial discrimination market. Well-done, but especially good is the final sentence:

Unfortunately, the truth may be that our government has simply fallen into the hands of liars and chiselers who have identified a shakedown that the current legal ...


December 14, 2014, 7:33 am, 1388820

December 14, 2014, 7:33 am, 1388819

Conclusion: in moderate quantities both are pretty good for most people.


December 13, 2014, 7:33 am, 1388573

Time for "The 2014 Hater's Guide To The Williams-Sonoma Catalog".

The last two alone--Breville Oracle Espresso Machine andHurom HG Elite Slow Juicer--are guaranteed to make you smile.


December 13, 2014, 5:33 am, 1388555

Apparently, it's all about the calcium and magnesium.


December 12, 2014, 7:34 am, 1388046

I don't know who "we" is. Most dog-owners I know think dogs are plenty smart.


December 12, 2014, 7:34 am, 1388045

The kids seem to be having a really good time.


December 12, 2014, 7:34 am, 1388044

"Watch the 11-time world champion pull off a near-impossible surfing move."


December 11, 2014, 7:33 am, 1387297

The nicest, by far, retail employees I deal with on a regular basis are those at Whole Foods. I wonder how they do it. This article advances some reasons.

(Whole Foods has been on Fortune's "Best Companies" list for seventeen years.)