Saturday, June 25, 2011

Nonfarm Payrolls to Civilian Employment Ratio (Musical Tribute)

The following chart shows the total nonfarm payrolls divided by the civilian employment.



It peaked at 0.97033 in December 1999.

Which
maestro orchestrated all that prosperity? Such an impeccable finale! Grandioso! Encore! Encore!



Source Data:
St. Louis Fed: Custom Chart

10 comments:

Stagflationary Mark said...

The ratio would be 2 to 1 if every employed civilian worked 2 payroll jobs. Maybe that can be our next growth engine if real inflation adjusted wages come down to meet Chinese wages.

That's assuming we can create new jobs of course. We haven't exactly had a stellar track record over the last decade.

Sigh.

Mr Slippery said...

Are people going to have time for extra jobs?

Check out this story about "speedup"...

Americans now put in an average of 122 more hours per year than Brits, and 378 hours (nearly 10 weeks!) more than Germans.

http://motherjones.com/politics/2011/06/speed-up-american-workers-long-hours

Stagflationary Mark said...

From your link...

"McDonald's recently announced that it had gotten more than a million applicants for 62,000 new positions."

That's one scary statistic.

Mr Slippery said...

Mark,

Your trade balance suggestion got me to chase down what happens to all those US dollars going abroad. Yikes!

http://dollardeathspiral.blogspot.com/2011/06/trade-surplusdeficit-vs-foreign-owned.html

How long until the US is more than 50% owned by foreign interests?

Your 1% inspiration is causing me 99% perspiration.

getyourselfconnected said...

The French do not work hardly at all lol.

Stagflationary Mark said...

Mr Slippery,

I hear you!

From your link...

"The trend is not our friend."

Show me one trend that is our friend. Unless one counts the short-term unsustainable performance of the stock market, I'm hard pressed to find one.

Stagflationary Mark said...

GYSC,

The French do not work hardly at all lol.

They are hardly working. Bang bang.

Urban Dictionary: working hard or hardly working

A pathetic attempt at word play and stock phrase of the middle-management careerist asswipe. Often accompanied by finger guns. Bang bang.

Hahaha!

getyourselfconnected said...

Shooting at the walls of heartache BANG BANG!:
http://www.youtube.com/watch?v=dIDaBF8LILk

Stagflationary Mark said...

GYSC,

I am the warrior
And heart to heart you'll win
If you survive the warrior, the warrior

getyourselfconnected said...

LOL, nice. Is it bad I love that tune by Patti????? No way.