Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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.


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)

July 25, 2014, 7:33 am, 1305369

Why does pain hurt, why does anesthesia work, and three more.

July 25, 2014, 7:33 am, 1305368

He's good.

July 25, 2014, 7:33 am, 1305367

Revealing: "#5. Jennifer Aniston Is Always With a Guy and Never Really Happy About It".

July 24, 2014, 7:33 am, 1304590

Sad tale, but rather common

Yet today the Strohs, as a family business or even a collective financial entity, have ceased to exist. The company has been sold for parts. The trust funds have doled out their last pennies to shareholders. While there was enough cash flowing for ...

July 24, 2014, 7:33 am, 1304589

I don't know about "love," but everybody seems to agree that it's amazingly good for us.

July 24, 2014, 7:33 am, 1304588

So effective that people go on "Iron Dome dates??" Geez.

July 24, 2014, 5:33 am, 1304550

#6--Human error--is, I'm guessing, the biggest threat

July 23, 2014, 3:33 pm, 1304030

Works for me.

1. Fun as adjective

Old school: "That would be a lot of fun."

New school: "That would be very fun."

July 23, 2014, 3:33 pm, 1304028

I don't know how general the author's findings are, of course, but he argues that anything over a 500 thread count is probably not cost-effective.

July 23, 2014, 3:33 pm, 1304029

Yes, indeed: a day the Congress is not passing new laws is generally a good day for business.