Friday, April 4, 2014

Be Honest: Does This Recovery Make Me Look Fat?

The following chart shows the quarterly average of the number of employees at food services and drinking places plus the number of employees at food and beverage stores all divided by the civilian noninstitutional population.


Click to enlarge.

Who needs labor market stability? Behold the blog's first klaxon trend channel failure! It's nothing but upside surprises from here no doubt.

This is fantastic news for those who believed that we could actually eat our way back to prosperity yet again! Mission f@#$ing accomplished! Woohoo!



Source Data:
St. Louis Fed: Custom Chart

13 comments:

Anonymous said...

See, ObamaCare creates jobs - unfortunately they are all 25 hour a week jobs.

Mr Slippery said...

Klaxon! Klaxoff! The Klaxer!

As seen on TV

The perfect companion to the clown horn. I think each Fed chairman is issued both clown horn and klaxon when they begin their term. One for the good times, one for the bad.

Stagflationary Mark said...

Anonymous,

Itron creates jobs!

Let's start with the concept of borrowing money we don't have to fund programs which will eventually eliminate up to 47,000 jobs long-term. Surely that will help our economy. Right?

Stagflationary Mark said...

Mr Slippery,

Yes!

And they are also issued two types of vehicles! One's a clown car and the other's a tripod!

That's why everyone parses every little thing the Fed says.

War of the Words!

Stagflationary Mark said...

Mr Slippery,

As seen on TV

Broken link?

EconomicDisconnect said...

You know if I gave a crap, I would press the better minds of finance to answer one question:
If the dot.com bubble had the economy running at 2X what it could be, and if you lived the era as an adult it was silly how much money was going around was that sustainable? Ok, so if you lived through the economy running at 1.8X during the housing bubble, and it was (and in some places is) just as silly with money being thrown around like stripper dust at an 18 and younger strip jojnt, is that reality?

Robotics, 3-D printing, no ad revenue (social media is a joke for ads). Maybe we need to accept that bubble bull shit is not reality.

6 years into the "recovery" but why would anyone call it that after 6 years? Blows the mind.

Mr Slippery said...

As Seen on TV was a broken link.

It was supposed to be this:
https://www.youtube.com/watch?v=3lBWjLJeKkQ

Stagflationary Mark said...

EconomicDisconnect,

Maybe we need to accept that bubble bull shit is not reality.

Calgon Bubbles!

Stagflationary Mark said...

Mr Slippery,

Turn off the TV without getting up!

When is someone going to invent a smart clapper device?

Why can't we just clap morse code into our phones? There would be no limit to how many devices we could control with clapping technology!

Reduce the volume of the stereo by ten percent.

.-. . -.. ..- -.-. . / - .... . / ...- --- .-.. ..- -- . / --- ..-. / - .... . / ... - . .-. . --- / -... -.-- / - . -. / .--. . .-. -.-. . -. - .-.-.-

Simple! Effective! ;)

Troy said...

http://research.stlouisfed.org/fred2/graph/?g=vY4

clearly each health sector job requires one restaurant job.

As for the recovery:

http://research.stlouisfed.org/fred2/series/WASCUR

Shows we're collecting $1T more in wages compared to the crash.

Employment has gone from 130M 4 years ago to 138M now, the same rate of growth seen in the 2003-2007 recovery that was funded via home equity ATM and FIRE sector skim.

This nation is very productive, wealth-wise, we just have an ownership and distribution imbalance issue to work out.

top 5% owns over half the wealth, of course things are going to be screwy here.

The lower 3 quintiles have approximately zero non-home net worth.

Top 1% has $15M on average. These $15M portfolios don't make money from the Mines of Zanzibar, they pull their yields out of the pockets of working America.

Austrians deify this wealth as "savers" and the GOP as "Job Creators", but an asset position is not really wealth, it's ownership of wealth-creating capital and land.

Our system has become horribly corrupted and I just don't see us resolving anything among ourselves anytime soon. Gonna take some systemic shocks to get people on the same page again.

http://en.wikipedia.org/wiki/United_States_House_of_Representatives_elections,_1932

Rob Dawg said...

Damn. I wish there were a word or phrase to describe those kinds of wobbles and what happens next.

Stagflationary Mark said...

Troy,

1. This nation is very productive, wealth-wise, we just have an ownership and distribution imbalance issue to work out.

2. Our system has become horribly corrupted and I just don't see us resolving anything among ourselves anytime soon.

Agreed. Sigh.

Stagflationary Mark said...

Rob Dawg,

Hahaha! I knew you'd post a comment on this one.

I'd explain it for the benefit of others yet again, but from here on out I'm just going to consider this "tank slapper" to be an inside joke.