The following scatter chart compares the 2-year moving average of office and sales occupation employment (left scale) to the 2-year moving average of real private office construction spending (bottom scale).
Click to enlarge.
If you build it they might come again, but probably not.
As I finished putting this chart together, some confusion arose. I had a really hard time seeing where the data started and where it ended (which is normally trivial on a scatter chart). Turns out the reason for this is that we are almost exactly where we started. As seen in the difference between the blue and red data points, the full loop is now complete.
Welcome to 1995.
St. Louis Fed: Custom Chart
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