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
Readers will be pleased to know that the ongoing Rubicon joke was reset today.
ReplyDeleteThe S&P 500 closed at 1199.38. Woohoo!
I had to post on your Rubicon joke. It was just too good. :)
ReplyDeleteMr Slippery,
ReplyDeleteI 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.
Great graphs Mark!
ReplyDeleteGreat (Depression) graphs? Sigh.
ReplyDeleteMr Slippery,
ReplyDeleteOh my!! It IS going viral! Someone just posted the link in the comments over at Calculated Risk.
(It was you. Hahaha! :))
The RubiCON is dead...long live the RubiCON!
ReplyDelete(No purchase necessary, see Illusion of Prosperity for details)
Hey Stag, your TIPS just got downgraded! Feel slighted?
ReplyDeleteDSOWNGRADE, carry on only the FED cannot accept less than AAA paper, LOL!!!!!!!!
ReplyDeleteGood news and bad news about the downgrade.
ReplyDeleteThe 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!