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.


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Outside the Beltway


October 30, 2014, 12:34 pm, 1360775

Via the BBC:  US grows at annual rate of 3.5% in third quarter

The US economy grew at an annual rate of 3.5% in the July-September quarter, the Commerce Department has said.

That is a slowdown from the 4.6% growth rate of the April-June quarter, but economists say that was a ...


October 30, 2014, 8:34 am, 1360620

If a British aerospace company gets its way, you could one day have a chance to fly in a passenger plane where the windows are replaced by wraparound view screens that show you what’s outside the plane all ...


October 30, 2014, 8:34 am, 1360619

While the world has been spending the last several months paying attention to everything from Ukraine to the rise of ISIS to Ebola, there’s been something interesting going on in world oil markets. Starting roughly in June, the per-barrel price of ...


October 25, 2014, 2:34 pm, 1357654

Late yesterday, a Federal Judge issued a temporary stay against a New Jersey plan that would have allowed sports betting to go forward in the state starting this weekend:

A federal judge on Friday blocked New ...


October 24, 2014, 8:34 am, 1357047

Matthew Yglesias argues that “Amazon is doing the world a favor by crushing book publishers.” His essay is a response to the “


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 ...