Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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 .


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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

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Outside the Beltway


October 23, 2014, 2:34 pm, 1356448

For several years now, the State of New Jersey has been trying to legalize sports betting as part of an effort to revitalize the casino business in Atlantic City, which has suffered in recent years from the ...


October 21, 2014, 4:34 pm, 1354998

A new regulation will require all persons arriving in the U.S. from the nations western Africa dealing with the Ebola crisis, either directly or indirectly, to come through one of five airports:

WASHINGTON — Anyone flying to the United States from Ebola-affected countries in West Africa must enter the ...


October 20, 2014, 6:34 pm, 1354356

In the wake of the mass shooting incidents that grabbed headlines in 2012, especially the movie theater shooting in Aurora, Colorado and the elementary school shooting in Newtown, Connecticut, many states reacted by passing laws to restrict gun ownership ...


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

October 15, 2014, 6:34 pm, 1351860

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 ...