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.


EconModel

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Outside the Beltway


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 ...


September 5, 2014, 12:34 pm, 1329982

The jobs market in 2014 has been the healthiest that we’ve seen it since the end of the Great Recession. From the beginning of the year through July, the economy averaged nearly 230,000 new jobs created per month, and ...


September 2, 2014, 2:34 pm, 1327981

A teacher in Maryland finds himself suspended and the subject of a police investigation because of a science fiction story he wrote that includes a shooting at a school in the 31st Century:

He’s a man with many names, and the books he has written have raised ...


September 2, 2014, 12:34 pm, 1327903

Despite the presence of several movies anticipated to be blockbusters on the schedule, Hollywood has its worst summer movie season in nearly two decades this year:

LOS ANGELES — American moviegoers sent a clear message to Hollywood over the ...


August 28, 2014, 12:35 pm, 1325990

Having spent a number of years living in Alabama, I’m well acquainted with the phrase, “Thank God for Mississippi.” While we had a lot of problems, we could always point to our western border for a state that was ...


August 25, 2014, 6:34 pm, 1324315

The business and political worlds collided this morning whenThe Wall Street Journalreported that Burger King is apparently in talks to buy iconic Canadian coffee and doughnut chain and that the purchase as contemplated at least in ...


August 7, 2014, 8:34 am, 1313719

In response to the multiple rounds of sanctions that the West has imposed in response to Russia’s actions in Crimea and eastern Ukraine, Russia has banned the importation of a broad range of Western food and agricultural products:

MOSCOW — Russia announced on Thursday that it was banning the ...


August 2, 2014, 2:34 pm, 1310443

I have long known that Austrian economics was driven by pure philosophy in ways that other branches of economics are not. However, I did not fully realize the extent to which this was the case. I was recently reading ...