Economics Roundtable

Technical Problems 1/21/15

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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 .


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.


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Outside the Beltway


January 26, 2015, 6:34 pm, 1410272

The head of Blackberry thinks he’s found the solution to his company’s problems, get the government to force companies to make apps for Blackberry phones:

At this point, BlackBerry and Windows Phone fans are probably used to ...


January 20, 2015, 10:34 am, 1407203

The global charity Oxfam is making its usual round of headlines with its annual report showing rising inequality. Most are focusing on the meme that the richest 1% own more than the rest of the world, the ...


January 13, 2015, 12:34 pm, 1403626

The price of oil continues to fall:

LONDON — Oil prices continued to swoon on Tuesday, tumbling about 3 percent in early trading after dropping more than 5 percent on Monday.

Brent crude, the main international benchmark, was down about 2.7 ...


January 11, 2015, 10:34 am, 1402407

As last week ended, a vote in the House of Representatives and a decision from the Nebraska Supreme Court seemed to advance the cause of those who favor building the Keystone XL pipeline:

The House voted Friday to ...


January 9, 2015, 12:34 pm, 1401737

Without question, 2014 has been the best year for jobs since the Great Recession ended in 2009. For the first time, monthly jobs growth has exceeded 200,000 new jobs each month of the year, which itself is something we had not ...


January 7, 2015, 12:34 pm, 1400338

As Republicans gear up for the beginning of the first time they’ve controlled both chambers of Congress since 2005, one legislative item at the top of the list will be an effort to push forward a bill to approve ...


December 31, 2014, 2:34 pm, 1397184

Gallup’s most recent approval numbers put the president’s approval and disapproval at 48% (his best for both in over a year).

Not surprisingly, other polling shows a clear positive trend on consumer confidence:

...


December 27, 2014, 8:34 am, 1395357

JetBlu is joining the competition in charging bag fees and cramming in more seats, sparking a new round of pontification on the sorry state of airline travel.

Tim Wu ...


December 23, 2014, 2:34 pm, 1393926

Reversing a decision it had made at the end of last week after every major film distributor and theater chain had backed out of showing the film, Sony Pictures has ...


December 23, 2014, 12:34 pm, 1393848

The U.S. economy grew at its fastest pace in more than a decade in the third quarter of 2014 according to the latest revision of Gross Domestic Product, which showed growth at 5.0%, a number it has only ...