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

December 17, 2014, 8:34 pm, 1391108

This morning, I noted that the hacking attacks on Sony Pictures that had to date resulted in the release of personal and proprietary business information belonging to the company as well as communications between top executives that ...

December 16, 2014, 6:34 pm, 1390284

The combination of falling oil prices and sanctions from the West related to its policies in Ukraine and elsewhere appears to be having an impact on the Russian economy, and so far at least Moscow’s efforts to deal with the ...

December 15, 2014, 12:34 pm, 1389318

The United States Government continues to lose money minting coins that almost nobody is using:

The U.S. Mint has some good news and bad news in its latest biennial report to Congress. The good ...

December 13, 2014, 10:34 am, 1388600

An arbitrator has upheld the N.F.L.’s suspension of Adrian Peterson for the remainder of the season:

In a victory for the N.F.L. and Commissioner Roger Goodell, an arbitrator upheld the season-long suspension given to Minnesota Vikings running ...

December 12, 2014, 10:34 am, 1388112

Sunday will mark the second anniversary of the shooting at Sandy Hook Elementary School in Newtown, Connecticut which resulted in the death of twenty schoolchildren and six children, as well as the death of Nancy Lanza in ...

December 10, 2014, 10:34 am, 1386655

With the current Continuing Resolution set to expire at midnight on Thursday, it looks as though Congress has reached a budget deal, although as expected its a deal that will put off a future fight over immigration ...

December 10, 2014, 8:34 am, 1386576

December 10, 2014, 8:34 am, 1386575

In a surprisingly unanimous decision released yesterday, the Supreme Court ruled that workers at an Amazon warehouse were not entitled to be paid for the time during which they had to wait in line for ...

December 5, 2014, 10:34 am, 1383968

The balance of 2014 has been fairly decent when it comes to job creation, but far from spectacular and not entirely indicative of the kind of numbers we’d expect to see given the strong Gross Domestic Product ...

December 3, 2014, 10:34 am, 1382243

Shortly before everyone started leaving town for Thanksgiving, the Food and Drug Administration issued the rules designed to implement a requirement that was made part of the Affordable Care Act that requires most nationwide restaurant chains and ...