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.”

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August 31, 2014, 11:23 am, 1327197
Here is a new twelve question quiz drawing on economic indicators from the Economists's Pocket World in Figures (2015 edition) which has just been published. Good luck!

August 31, 2014, 11:23 am, 1327196
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August 30, 2014, 7:23 am, 1326938
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August 30, 2014, 5:23 am, 1326911
Here is another ready-to-use edition of our thinking-skills resourceFocus Circle which provides an engaging way to teach factor inputs.

August 29, 2014, 1:23 pm, 1326662
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August 29, 2014, 9:23 am, 1326538
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August 29, 2014, 9:23 am, 1326537
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August 29, 2014, 7:23 am, 1326485
Looking for a 15 - 20minute activity to start your first lesson with new AS level students over the next week or so? We've got a nice introductory quiz for you!No doubt you're getting your lesson ready - what is the economic problem? What is scarcity? What isOpportunity Cost? What ...

August 29, 2014, 1:23 am, 1326385
After stumbling across a couple of good movie poster makersvia the @ukedchat Twitter feed, I decided to knock a couple of quick ones up to brighten up the walls of my classroom. You can make your own resources here: or can also download the two that I made below ...