I started with nonfarm payrolls which already exclude the long-term decline in farm labor. I then subtracted the declining long-term trend in manufacturing employees. I then subtracted the awful construction employment numbers of late. And lastly, retail trade employment hasn't been performing well at all since the success of Amazon.com.
What's left? All that cherry picked employment trend goodness! That's what!
Oh, crap. It's still a massive exponential trend failure? 29.6 million jobs below trend? Seriously? Can't say I didn't try. Hey, at least there has been some growth since 2000. That's something I guess. Sigh.
And people wonder why I'm a permabear?
This post inspired by Rob Dawg's comments found here.
I am not a financial advisor. I am not offering investment advice. Although I have attempted to provide accurate information, that's all it is, an attempt. Please do not trust the opinions, numbers, and/or charts of a random anonymous blogger on the Internet. Make your own opinions. Make your own charts. Do your own due diligence. Thank you.