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

May 24, 2016, 4:34 pm, 1639455

Bubba Smith, the former N.F.L. star who went on to have a successful career as an actor, is the latest former pro football player to be diagnosed as having a degenerative brain disease linked to repeated concussions:

Bubba Smith, the All-Pro defensive end in the N.F.L. who went on ...

May 23, 2016, 4:34 pm, 1639102

With the time for N.F.L. players to return to training camp fast approaching, New England Patriots Quarterback Tom Brady has appealed the decision of a panel of the ...

May 17, 2016, 8:34 am, 1637237

Bill Backer, the man behind the creation of the most famous commercials of the 1970s if not all time, has died at the age of 89:

Bill Backer, a lapsed lyricist whose classic 1971 commercial taught a fractious world of potential

May 16, 2016, 10:34 am, 1636893

Ever since he entered the Presidential race last June, Donald Trump has boasted to crowds that he was ‘self-funding’ his Presidential campaign and that he would not ...

May 14, 2016, 10:34 am, 1636556

In the latest sign of an what seems like a cultural shift on the issue of capital punishment, Pfizer announced yesterday that it would no longer permit its drugs to be used as part of the ...

May 6, 2016, 10:34 am, 1633787

After several months of good news in the form of reports of strong jobs gains accompanied by at least semi-decent wage growth, the jobs market seemed to take a ...

April 25, 2016, 6:34 pm, 1629820

A Federal Appeals Court has overruled a ruling by a Federal District Court Judge and reinstated the four game suspension that N.F.L. Commissioner Roger Goodell imposed on New ...

April 20, 2016, 6:34 pm, 1628477

Harriet Tubman will be replacing Andrew Jackson on the $20 bill:

WASHINGTON — Treasury Secretary Jacob J. Lew on Wednesday announced the most sweeping and historically ...

April 18, 2016, 10:34 am, 1627575

For the better part of a year, if not longer, there’s been a movement to put a woman on U.S. currency, which itself hasn’t seen changes in the identity ...

April 18, 2016, 10:34 am, 1627574

The business of the media is business. Business is not good. For more than a decade now, the Internet has been squeezing the profit out of newspapers and news magazines. Not ...