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?


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.


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Newmark’s Door (Craig Newmark)


June 28, 2016, 7:34 am, 1649083

Great. I really look forward to four more months of my phone ringing off the hook with stupid political calls.


June 28, 2016, 7:34 am, 1649082

Not good news for Chicago property owners. And this is worse:

But Moody's is saying this will only delay the inevitable. Chicago's unfunded pension liabilities are expected to grow for another ten years despite the massive tax increase.


June 28, 2016, 7:34 am, 1649081

Samples:

There are two types of academics. Those who use the Oxford comma, those who don't and those who should.

Choose a discipline you love and you'll never work a day in your life likely because that field isn't hiring.

How many humanities professors does it ...


June 28, 2016, 7:34 am, 1649080

June 28, 2016, 5:34 am, 1649051

I suppose this shouldn't be a surprise, but it is, kinda.


June 27, 2016, 7:34 am, 1648733

Back in the '70s the U.S. antitrust agencies were concerned about anticompetitive conditions in grocery retailing, conditions that were allegedlyworsened because entry into grocery retailing was supposedly just so very difficult.

Despite the difficulties Wal-Mart entered and last year it sold $167 billion of groceries.


June 27, 2016, 7:34 am, 1648732

This was interesting, I learned something, and I'm surprised that The Atlantic ran it.

Crime rates started to decline in the mid-1930s, at the same time that the New Deal went into effect. This may seem like cause-and-effect: unemployment and poverty were reduced, so violent crime diminished. But ...


June 27, 2016, 7:34 am, 1648731

Don Boudreaux:

People who really believe that trade restrictions prevent domestic unemployment or raise domestic wages – people who really believe that minimum wages raise the incomes of low-skilled workers without causing any loss of employment or worsening of other terms of these workers’ jobs – people who ...


June 27, 2016, 7:34 am, 1648730

Go ahead, explain to me again how awful capitalism is.

The Chinese food chain’s success story—how a single outlet in the Glendale Galleria grew to 1,800 locations worldwide—begins with one secret ingredient: owners who care.

Related: "Buc-eenomics".

Over the weekend, I stopped to buy gas at a ...


June 27, 2016, 7:34 am, 1648729

Calm, reasonable, and completely convincing. Send the links to a gun-control advocate you love.

"Why I 'Need' an AR-15".

"Why Gun Control Can’t Be Solved in the USA".

"Why terrorists target gun-freezones".