Friday, November 7, 2014

42.7 Million Missing Jobs


Click to enlarge.

I'm just trying to offer some long-term perspective on today's strong employment report.

Welcome to the era of the new normal.

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

2 comments:

  1. And here I was getting all excited about how wonderful the jobs situation was...

    Fred

    ReplyDelete
  2. Fred,

    And here I was getting all excited about how wonderful the jobs situation was...

    Are you trying to imply that something I wrote altered your mood in a negative way? I have it on good authority (some random website I know nothing about) that I am not responsible!!!

    The Resistance of Over-Excitement

    The state of over-excitement is a sign of inner restlessness and instability – this imbalance becomes evident when you notice that the states of over-excitement always create the opposite states of a real downer (depression or frustration) as the next cycle.

    See? You got over-excited and now you are experiencing a real downer. Perfectly natural. It's kind of like the business cycle. D'oh! ;)

    ReplyDelete