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

August 7, 2014, 8:34 am, 1313719

In response to the multiple rounds of sanctions that the West has imposed in response to Russia’s actions in Crimea and eastern Ukraine, Russia has banned the importation of a broad range of Western food and agricultural products:

MOSCOW — Russia announced on Thursday that it was banning the ...

August 2, 2014, 2:34 pm, 1310443

I have long known that Austrian economics was driven by pure philosophy in ways that other branches of economics are not. However, I did not fully realize the extent to which this was the case. I was recently reading ...

August 1, 2014, 10:34 am, 1309705

Heading into today’s release of the July employment report from the Bureau of Labor Statistics, analysts were expecting a slightly less spectacular month that we had seen in May and June when we saw very ...

July 31, 2014, 10:34 am, 1308875

To our south, the nation of Argentinahas just defaulted on billions of dollars in loansthanks largely to a dispute with at U.S. hedge fund:

The hedge fund firm of billionaire Paul E. ...

July 30, 2014, 12:34 pm, 1308112

The first three months of 2014 were notable mostly for the cold, snowy weather that gripped much of the nation for an extended period of time, but they also marked one of the worst periods for the economy ...

July 30, 2014, 10:34 am, 1308027

Yesterday, President Obama announced a new round of coordinated sanctions that the United States and Europe would be imposing on Russia in connection with its actions in Ukraine:

WASHINGTON — The United States and Europe kicked ...

July 28, 2014, 2:34 pm, 1306642

The U.S. Chamber of Commerce has been at the center of many of the “Establishment v. Tea Party” battles that we’ve seen during the 2014 primary season, generally backing incumbents and candidates closer to the traditional idea of Republican ...

July 28, 2014, 12:34 pm, 1306558

Six years ago, the Supreme Court handed down its decision in District of Columbia v. Heller in which it struck down the District of Columbia’sOn Saturday, a Federal Judge issued a ruling striking down the District of ...

July 25, 2014, 2:34 pm, 1305607

Two years ago, we apparently came alarmingly close to an event that we could not have possibly avoided which would have had widespread devastating consequences:

On July 23, 2012, the sun unleashed two massive ...

July 25, 2014, 8:34 am, 1305377

Ticket collectors at Southwest Airlines are our first line of defense.

GMA (“Family Booted Off Southwest Airlines After Dad Tweeted About ‘Rude’ Gate Agent“):

A Minneapolis man said ...