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

October 17, 2014, 4:34 pm, 1353144

Yesterday, Congress held its first round of public hearings regarding Ebola’s appearance in the United States and the response of the C.D.C, the Department of Homeland Security, and state and local authorities in Texas to the ...

October 16, 2014, 4:34 pm, 1352445

One day after HBO said that it would be offering its own stand-alone streaming service, CBS announced it would be doing the same, but you won’t be able to use it watch football games just ...

October 15, 2014, 6:34 pm, 1351861

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October 15, 2014, 10:34 am, 1351521

Jimmy John’s a sandwich chain that I can honestly say I’d never heard of before, but which has some 2,000 locations throughout the United States, including several not too far from where I live, is in ...

October 13, 2014, 8:34 am, 1350067

WSJ has an interesting video short examining “Why Top Students Are Being Rejected by In-State Schools.”

It uses the example of a ...

October 11, 2014, 8:34 am, 1349521

New Republic editor Frank Foer proclaims, “Amazon Must Be Stopped. It’s too big. It’s cannibalizing the economy. It’s time for a ...

October 9, 2014, 8:34 am, 1348403

The New Yorker’s Gabriel Sherman reports that NBC tried to get Daily Show host Jon Stewart to host Meet The Press before ultimately settling on Chuck Todd as the replacement for David Gregory:

Before choosing Todd, NBC News ...

October 8, 2014, 2:34 pm, 1348007

Starting as early as this weekend, the U.S. will be screening arriving passengers from West Africa for signs of the Ebola virus:

ATLANTA — Federal officials said Wednesday that they would begin temperature screenings of passengers arriving ...

October 6, 2014, 2:34 pm, 1346782

The program that helped bring IBM PC’s into offices across America will soon be no more:

Thirty-one years is a good run for any product and that is how long we have lived with the spreadsheet that ...