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.


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ArgMax (John Irons)

"Economics News, Data, and Analysis”


July 2, 2014, 10:04 pm, 1294032

Obama gets endorsements from two socialist publications: The Economist and Financial Times

An endorsement of Barack Obama | It's time | The Economist

FT.com / Comment & analysis / Editorial comment - Obama is the better choice


July 2, 2014, 10:04 pm, 1294033

July 2, 2014, 10:04 pm, 1294024

Views of Income Taxes Among Most Positive Since 1956

A new Gallup Poll finds 48% of Americans saying the amount of federal income taxes they pay is "about right," with 46% saying "too high" -- one of the most positive assessments Gallup has measured since 1956. Typically, a majority of ...


July 2, 2014, 10:04 pm, 1294026

Romer/Bernstein estimate job impact to be between 3 and 4 million... see The Job Impact of the American Recovery and Reinvestment Plan.


July 2, 2014, 10:04 pm, 1294023

John Irons (jsirons) on Twitter

jsirons

Now live on Twitter...


July 2, 2014, 10:04 pm, 1294025

We're hiring a labor economist at EPI... see link for details on how to apply...

Employment opportunities at EPI

Living Standards/Labor Economist

The Economic Policy Institute is looking for an experienced economist for our flagship Living Standards program. In that position, the successful candidate would work with the Living Standards team to ...


July 2, 2014, 10:04 pm, 1294021

I've been trying to track this article down for months... must read for those interested in setting the record straight.

Persistence of Myths Could Alter Public Policy Approach - washingtonpost.com


July 2, 2014, 10:04 pm, 1294019

Making minor improvements... but want to redesign to incorporate twitter, posterous.

Also thinking about moving from movable type to a hosted platform to better cross-post.


July 2, 2014, 10:04 pm, 1294020

Best idea I've heard in a while...

ยป Create Your Own "Extended Warranty Fund"

Create an "extended warranty fund" Instead of buying warranty after warranty, why not create an "extended warranty fund." In other words, whenever a retailer offers you an extended warranty, simply transfer that amount of money into ...


July 2, 2014, 10:04 pm, 1294022