Friday, August 5, 2011

Nonfarm Payrolls: 38.6 Million Below Trend



We're now 38.6 million jobs below the long-term trend that was established between 1939 and 2000.



This shows the difference between where we are and the trend line.

Warning: The following video contains some gallows humor profanity.



Source Data:
St. Louis Fed: All Employees: Total nonfarm

10 comments:

Stagflationary Mark said...

Readers will be pleased to know that the ongoing Rubicon joke was reset today.

The S&P 500 closed at 1199.38. Woohoo!

Mr Slippery said...

I had to post on your Rubicon joke. It was just too good. :)

Stagflationary Mark said...

Mr Slippery,

I am flattered!

Since it is going viral (reaching ONE other blog in the known Internet, lol), I'm working on a spinoff.

Rubicon II: 130 Million Non-Farm Payroll Jobs

1. November 1999
2. October 2003
3. May 2010
4. October 2010

Heaven help us if there is a #5. I would certainly not rule it out.

getyourselfconnected said...

Great graphs Mark!

Stagflationary Mark said...

Great (Depression) graphs? Sigh.

Stagflationary Mark said...

Mr Slippery,

Oh my!! It IS going viral! Someone just posted the link in the comments over at Calculated Risk.

(It was you. Hahaha! :))

Watchtower said...

The RubiCON is dead...long live the RubiCON!

(No purchase necessary, see Illusion of Prosperity for details)

tj and the bear said...

Hey Stag, your TIPS just got downgraded! Feel slighted?

getyourselfconnected said...

DSOWNGRADE, carry on only the FED cannot accept less than AAA paper, LOL!!!!!!!!

Stagflationary Mark said...

Good news and bad news about the downgrade.

The bad news: We may no longer get roadside assistance if our economy breaks down again!

The good news: Thanks to our new AA+ rating, we may be able to stand up in front of others and explain our addiction problems.

The best news: If we make it all the way down to BBB then we may draw the attention of the Better Business Bureau! Better still, we'll still be investment grade (barely).

Woohoo!