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 .


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.


EconModel

The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


RSS Feed

Outside the Beltway


January 18, 2017, 12:34 pm, 1711554

It’s been nearly three years since Malaysian Airlines Flight 370 left Kuala Lampur, Malaysia, only to disappear just as the plane was supposed to enter Chinese airspace. For months that ...


January 15, 2017, 12:34 pm, 1710705

The most well-known traveling circus is shutting down this year after 146 years in operation:

Ringling Bros. and Barnum & Bailey circus announced on Saturday night that ...


January 6, 2017, 10:34 am, 1708264

The U.S. economy ended the year with rather tepid growth in the employment sector, according to the final Jobs Report before Donald Trump becomes President:

The unemployment rate, at 4.7 ...


January 4, 2017, 4:34 pm, 1707721

Paul Ryan is defying income President Donald Trump and saying that Congress will not consider any attempt to raise tariffs or otherwise disrupt international trade:

Speaker Paul D. ...


December 22, 2016, 12:34 pm, 1704859

The latest report on economic growth in the third quarter of 2016 shows that the economy was moving at a strong pace in the late summer, but it’s unclear how long that’s going to last:

WASHINGTON — ...


December 14, 2016, 4:34 pm, 1702661

Keeping with expectations, the Federal Reserve Board concluded its final Open Market Committee meeting of the year with an announcement that it was raising a key borrowing rate for the first time in a year:

WASHINGTON ...


December 2, 2016, 12:34 pm, 1699287

The November Jobs Report showed that the jobs market continues to improve, making a Federal Reserve Board rate hike later this month more and more likely:

The unemployment rate declined to 4.6 percent in November, and ...


November 15, 2016, 4:34 pm, 1694495

Donald Trump was our Establishment Candidate. And on Tuesday night the Establishment won and won yuge.

Wait. How can this be? Trump relished being the anti-Establishment figure, and his followers and the mainstream media purchased his narrative at full retail price. And why not? Here was a candidate running proudly on ...


November 4, 2016, 12:34 pm, 1690431

The final Jobs Report before Election Day, which also happens to fall on the eve of the next meeting of the Federal Reserve Board, shows that that jobs market ...


October 28, 2016, 2:34 pm, 1687907

The first estimate of Gross Domestic Product growth for the third quarter shows the economy growing at a faster pace between June and September than it had for most of the year:

The American economy moved into ...