Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.


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


May 27, 2015, 2:34 pm, 1481325

As I noted last week, the City of Los Angeles recently became the latest American city to adopt a minimum wage increase that will raise the minimum wage to $15.00 per hour in a few years. ...


May 27, 2015, 12:35 pm, 1481235

Several top officials of the international governing board for soccer, which also serves as the organizing committee for the World Cup every four years, have been arrested in Switzerland after indictments were issued by a Federal ...


May 22, 2015, 4:34 pm, 1479281

Earlier this week the City Of Los Angeles became the latest major city to approve an increase in the minimum wage to $15 per hour:

LOS ANGELES — The nation’s second-largest city voted Tuesday to increase its ...


May 20, 2015, 2:34 pm, 1477732

A legislator in New Jersey is proposing that the Garden State should finally enter the civilized world and allow people to pump their own gas:

Drivers in New Jersey could soon pump their own gas under a ...


May 19, 2015, 4:34 pm, 1477283

A Federal District Court Judge in Washington, D.C. has issued a preliminary injunction preventing enforcement of the District’s law regulating who would be entitled to a license to carry a concealed weapon:

Ten months after striking down ...


May 18, 2015, 12:35 pm, 1476356

While the economy is certainly in better shape than it was when President Obama took office in January 2009, there’s no denying that the recovery we’ve been in for the past six years has been less than ideal ...


May 18, 2015, 12:35 pm, 1476355

May 13, 2015, 8:34 am, 1473609

For some time now, there has been a quiet campaign to change the Twenty Dollar Bill by removing former President Andrew Jackson and replacing him, well, with someone else. Given Jackson’s history as a hunter ...


May 11, 2015, 12:34 pm, 1472072

California Congressman Darrell Issa, who just happens to be the wealthiest members of Congress, thinks that America’s poor are the envy of the world:

Darrell Issa, the richest man in Congress, said America has made “our ...


May 9, 2015, 12:34 pm, 1471003

Uber, the mobile phone based car service that has upended the taxi industry across the nation and around the world, is raising another round of funding from private investors, and aiming for a valuation of $50 billion:

Uber Technologies ...