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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Economics in the News

"Geoff Riley (Head of Economics at Eton College) provides a regular commentary on economics issues and trends - essential daily reading for all economics students and teachers.”

October 22, 2014, 7:23 am, 1355413
Why can’t the UK government get its deficit down? This question has been exercising commentators recently, in the light of the latest assessment from the Office for Budget Responsibility (OBR) that George Osborn will once again miss his target for the deficit in the 2014/15 financial year. Of ...

October 21, 2014, 1:23 pm, 1354908
If you have a short break coming up - and you're new to economics - now would be a great time to collect together some resources about the extraordinary recent shift in the oil market. ...

October 21, 2014, 7:23 am, 1354669
A seasonal quiz challenge for your economics students fresh out of the tutor2u Learning Lab.

October 20, 2014, 9:23 am, 1354019
A2 development economists will read this article from the BBC with great interest and ought to be able to extract plenty from it. Extraction lies at the heart of the piece because instead of simply growing sugar, Mauritius has successfully invested in capacity and capabilities to create more value from the basic ...

October 20, 2014, 7:23 am, 1353941
New data has been released on relative productivity for the UK and other G7 nations. In 2013, based on GDP per hour, the UK came sixth of the G7 countries, with the USA top and Japan bottom. UK productivity was 17 percentage points lower than the average for the rest of ...

October 20, 2014, 5:23 am, 1353889
Here are some summary notes on economic growth and development prospects for the Ivory Coast.

October 19, 2014, 7:23 pm, 1353765
In this TED talk, Dilip Ratha, of the Migration and Remittances Unit at the World Bank, sets out simply both the size of remittances and the economic impact on the countries that receive them.

October 19, 2014, 5:23 pm, 1353761
This article from the Sunday Observer
oct/18/ec... is really useful for understanding some of the longer term dynamics in the labour market that are affecting the pattern of demand for jobs of different skills. 

October 19, 2014, 3:23 pm, 1353740
Behavioural economics figures more prominently in the new specifications for A level economics from September 2015 onwards. This brief essay from Cass Sunstein, the co-author (with Richard Thaler) of "Nudge" offers a general introduction to the idea of nudging, along with a list of ten of the most important “nudges.” It also provides ...

October 19, 2014, 1:23 pm, 1353710
If you have studied the economic importance of capital investment as part of your macroeconomics, then this short article on the German economy (Europe's biggest but experiencing weaker economic growth) will be of interest.The German Finance Minister wants the ratio of investment to GDP to start climbing again with infrastructure ...