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.


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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David Smith’s EconomicsUK.com

"The personal website of David Smith, Economics Editor of the Sunday Times, London.”


January 15, 2017, 6:04 am, 1710661
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Inequality has become the fallback position for politicians in need of a theme, or organisations which want to show they care. Inequality, it seems, is driving...


January 8, 2017, 4:04 am, 1708567
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. The table to accompany the piece is available in the newspaper. Of all the experts to be castigated in recent months in this strange climate in...


January 1, 2017, 4:04 am, 1706818
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. A new year is upon us, and with it the challenge of trying to plot a path through the uncertainty. That there is more uncertainty than usual...


December 25, 2016, 6:04 am, 1705393
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Well. I am spoilt for choice. Do I write about Donald Trump and whether his tax-cutting, infrastructure-boosting plans will mean a new dawn for the American...


December 18, 2016, 6:04 am, 1703519
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. For many people reading this, and for many whose businesses depend on healthy household finances, two trends will dominate the outlook in 2017. One is the...


December 11, 2016, 4:04 am, 1701530
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. These are risky times, in which the dangers of policymakers getting things badly wrong are greater than for a very long time. The lure of populist...


December 4, 2016, 6:04 am, 1699585
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Household debt is back in the headlines. Official figures show that consumer credit is rising by 10.5% a year, its fastest since well before the crisis,...


November 27, 2016, 4:04 am, 1697555
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. In announcing that WednesdayÂ’s autumn statement will be the last (at least until a future chancellor decides to reinstate it), Philip Hammond abandoned one tradition. He...


November 20, 2016, 6:04 am, 1695860
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Chancellors of the exchequer do not normally elicit much sympathy, usually falling effortlessly into the role of pantomime villain. It is hard, however, not to feel...


November 13, 2016, 4:04 am, 1693608
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. The way we used to worry about the intrusion of politics into the economy and business now seems quaint and old-fashioned, belonging to a very different...