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.


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.


The Economics Roundtable is sponsored by EconModel.

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

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Outside the Beltway

September 30, 2014, 4:34 pm, 1343952

More than a year after first putting the proposal before its commissioners for consideration, the Federal Communications Commission has eliminated a long standing rule that barred local stations from broadcasting games on local ...

September 27, 2014, 10:34 am, 1342279

Trending on Twitter this morning is a collection of infographics compiled by Ezra Klein under the heading “22 maps and charts that will surprise you.”

The one making the rounds is number 18, “If the world was as tightly packed as New ...

September 26, 2014, 4:34 pm, 1342028

In the wake of the announcement that Apple would be making changes to iOS that would make it impossible for the company to unlock user’s iPhones and iPads even if law enforcement presented them with a search ...

September 26, 2014, 2:34 pm, 1341929

The final revision to Second Quarter G.D.P. was released today, and it shows that the economy bounced back for the slowdown in the First Quarter that actually saw economic growth contract far stronger than originally reported:

Real ...

September 23, 2014, 12:34 pm, 1339849

Andrew Sullivan points out that Republicans, or anyone for that matter, don’t seem to be all that concerned with how we’re going to pay for the President’s war against ISIS:

It’s been a remarkable aspect of the foreign ...

September 22, 2014, 2:34 pm, 1339273

Jess Zimmerman offers “An ingenious way to save the comments section,” if she does say so herself.

Make comments cost money.

Hear me out before you decide I’m a capitalist swine. I’m not proposing just charging to comment, which would mean the richest ...

September 22, 2014, 10:34 am, 1339103

Apple sold ten million new iPhones in three days:

Early sales of Apple’s new iPhones have lived up to high expectations.

The company on Monday said it sold more than 10 million of the iPhone 6 and ...

September 18, 2014, 4:34 pm, 1337466

Apple is announcing a new change in its privacy policy, as well as changes to the operating system for iPhones and iPads that will make it impossible for government agencies to force the company to ...

September 18, 2014, 8:34 am, 1337123

While the rest of the world has happily adapted to new technology that allows them to store their music collections on the computers and in the cloud, and to listen to it on it iPods, phones, tablets, and ...

September 15, 2014, 8:34 am, 1335006

A scandal erupted when the Chinese people learned their leaders were flying first class and staying in five-star hotels. Problem solved!

The Economist (“When is first class not first ...