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 2, 2015, 10:34 am, 1552394

September’s Jobs Report seems to show that the economy is not growing nearly as well as might be hoped, and yet again calls into question the future direction of Federal Reserve interest rate policy:

Total nonfarm payroll employment ...

September 25, 2015, 2:34 pm, 1549283

The final revision to Gross Domestic Product for the second quarter of the year showed that the economy expanded at an annualized rate of nearly four percent, which is likely to revive debates over the direction ...

September 23, 2015, 2:34 pm, 1548137

A Federal District Court Judge has ruled that the copyright held by a music publishing company for the song ‘Happy Birthday To You’is invalid, meaning that the copyright fees that have been paid on the song for ...

September 17, 2015, 6:34 pm, 1545625

After weeks of speculation about what it might do, and months in which it signaled that a rise in interest rates was inevitable at some point, the Federal Reserve announced today that it would be leaving ...

September 4, 2015, 10:34 am, 1539295

August’s Jobs Report paints a picture of an economy that is growing, but growing rather slowly, and once again calls into question the Federal Reserve’s apparent plan to begin raising interest rates in September:

Total nonfarm payroll ...

August 27, 2015, 2:34 pm, 1535201

The first revision of Gross Domestic Product for the second quarter showed the economy growing at a far better pace than initially believed:

The economy grew much more quickly last quarter than initially thought as businesses and ...

August 25, 2015, 10:34 am, 1533791

Yesterday’s stock market plunge, which capped off several days of declines that started with uncertainty in Chinese markets amid signs that their economy there is ...

August 13, 2015, 4:34 pm, 1528045

Sesame Street is moving to HBO:

The letters of the day on “Sesame Street” are H, B and O.

Sesame Workshop, the nonprofit group behind the children’s television program, has struck a deal with HBO, the premium cable ...

August 12, 2015, 4:34 pm, 1527332

Wisconsin Governor Scott Walker took a break from the campaign trail today to sign into a law a bill that puts Wisconsin taxpayers on the hook to the tune for $400 million to build a ...

August 11, 2015, 2:34 pm, 1526578

A relic of the 70s and 80s that somehow managed survive until 2015 is no more:

The owner of onetime mail-order music giant Columbia House filed for chapter 11 bankruptcy protection Monday, seeking to sell what ...