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 .


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.


EconModel

The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


RSS Feed

David Smith’s EconomicsUK.com

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


September 25, 2016, 6:04 am, 1678309
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. A few days ago it was announced that Minouche Shafik, who joined the Bank of England as one of its deputy governors two years ago, would...


September 19, 2016, 12:04 am, 1675468
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Judging by the many ideas I have had for post-referendum subjects – keep them coming – I sense that June 23 cannot come too soon for...


September 19, 2016, 12:04 am, 1675466
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. The moment is nearly upon us. Like the Scottish referendum in September 2014 but with even more at stake, a nerve-racking few days lie ahead. Either...


September 19, 2016, 12:04 am, 1675467
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. It is time to put up or shut up. Should we stay in or leave the EU? Those who have been following my pieces in recent...


September 19, 2016, 12:04 am, 1675464
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. For many people reading this, Friday morning will have dawned as a moment of triumph, of liberation. That was not how I saw it, as you...


September 19, 2016, 12:04 am, 1675465
The moment has arrived. The biggest decision voters will take for decades is hours away. Most are unprepared for it, and with good reason. The referendum campaign has also revealed a new and unattractive type of politics in Britain....


September 18, 2016, 4:04 am, 1673813
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. One of the challenges Philip Hammond has set himself for his autumn statement on November 23, among many others, is to boost Britain’s productivity. In this,...


September 11, 2016, 4:04 am, 1671868
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Summer is turning to autumn, though the weather has yet to adjust in some parts of the country. An Indian summer is perhaps appropriate for post-Brexit...


September 4, 2016, 4:04 am, 1670036
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. The other day I was queuing up at the bank, waiting while the woman in front of me handed over a large bundle of cash to...


August 28, 2016, 4:04 am, 1668148
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. It is back to work, in my case after escaping to the Outer Hebrides, where the people were a lot friendlier than the weather and where...