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
at

10 comments:

  1. Stagflationary MarkJune 26, 2011 at 6:19 AM

    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.

    ReplyDelete
  2. Mr SlipperyJune 26, 2011 at 7:27 AM

    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

    ReplyDelete
  3. Stagflationary MarkJune 26, 2011 at 9:18 AM

    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.

    ReplyDelete
  4. Mr SlipperyJune 26, 2011 at 10:43 AM

    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.

    ReplyDelete
  5. EconomicDisconnectJune 26, 2011 at 3:19 PM

    The French do not work hardly at all lol.

    ReplyDelete
  6. Stagflationary MarkJune 26, 2011 at 5:06 PM

    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.

    ReplyDelete
  7. Stagflationary MarkJune 26, 2011 at 5:11 PM

    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!

    ReplyDelete
  8. EconomicDisconnectJune 26, 2011 at 5:26 PM

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

    ReplyDelete
  9. Stagflationary MarkJune 26, 2011 at 5:35 PM

    GYSC,

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

    ReplyDelete
  10. EconomicDisconnectJune 26, 2011 at 5:45 PM

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

    ReplyDelete