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

February 22, 2017, 2:34 pm, 1722300


President Trump’s first real showdown on Capitol Hill appears to be imminent, as budget hawks on Capitol Hill wake up to the realization that he doesn’t really seem to ...

February 21, 2017, 4:34 pm, 1721921

The 2017 version of the Conservative Political Action Conference is scheduled to begin on Thursday, and it has already managed to generate controversy. The latest incident started when it was ...

February 14, 2017, 6:34 pm, 1719866

Less than two years after announcing to much fanfare that it was ending the tradition of featuring nude pictorials on its pages, Playboy announced yesterday that it’s

February 14, 2017, 12:34 pm, 1719736

Former Goldman Sachs executive Steven Mnuchin was confirmed as Treasury Secretary last night, marking the latest move to fill President Trump’s Cabinet:

WASHINGTON — The Senate confirmed Steven T. ...

February 12, 2017, 12:34 pm, 1719081

When you read about the dangers of artificial intelligence in the popular media, most of the writing focus on the dangers of superintelligent machines developed by man ...

February 7, 2017, 6:34 pm, 1717594

For the second straight year, nationwide viewership of Super Bowl LI slipped somewhat from the previous year, but the audience was still quite substantial:

Tom Brady? Overtime? An ...

February 3, 2017, 10:34 am, 1716462

The first Jobs Report for 2017 and the first to cover any period while Donald Trump was in office revealed slightly stronger jobs growth in January but revisions for November ...

January 30, 2017, 2:34 pm, 1714972

If you want to buy commercial time during this year’s Super Bowl, you’ll have to fork over a record amount of money yet again:

The average cost of ...

January 30, 2017, 12:34 am, 1714736

In my post about Trumps Great Wall­™ I pointed out that it would be considered a megaproject. Commenter bill left the following comment regarding megaprojects.

as for the “mega=project” slam, sure- that happens mainly in the uber-corrupt dem states, not where the wall is going. heck, we could ...

January 29, 2017, 10:34 pm, 1714723

One of Trump’s campaign pledges was to increase spending on infrastructure by $1 trillion.

Despite a notoriously negative campaign on both sides, President Trump did propose a number of notable promises during the extended campaign that caught the eye of both domestic and foreign investors. In his pledge to “Make ...