Thursday, November 6, 2014

Nondurable Goods Employment: The Good News


Click to enlarge.

The Good News

1. This isn't 1939! World War II didn't start in September!
2. We "clawed" our way back to the 5-year moving average!
3. There are only 4.5 million jobs left to lose!
4. We don't seem to lose any jobs while stuck in ZIRP!
5. At least not yet!

I can't say with 100% certainty that all of those items are actually good news, but surely at least one of them must be! Right?

Source Data:
St. Louis Fed: All Employees: Nondurable Goods

4 comments:

Anonymous said...

I haven't found anything made in China to be durable.
Sporkfed

Joseph Constable said...

You must have left out the jobs in corporations making military hardware.

Stagflationary Mark said...

Sporkfed,

I have found the rhetoric about factory work bringing up the typical standard of living for Chinese workers over the long-term to be fairly durable. :(

Stagflationary Mark said...

Joseph Constable,

Can you imagine the prosperity we'd have if durable bombs could be made? We could reuse them endlessly!

Sigh.