The following chart shows the 12-month moving average of annualized production and nonsupervisory collection agency employee minutes worked per capita.
Click to enlarge.
Optimists might point to this chart as proof that a new age of prosperity is upon us. Collection agencies are no longer needed! Hurray!
Pessimists might point to this chart as yet another "sure thing" employment growth story that ended with an exponential trend failure.
See Also:
Idiom: Squeeze blood out of a turnip
Source Data:
BLS: Employment
St. Louis Fed: Population
NAR: Pending Home Sales Increase 3.4% in March; Up 0.1% Year-over-year
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From the NAR: Pending Home Sales Ascended 3.4% in March
*Pending home sales in March climbed 3.4%*, according to the National
Association of REALTORS®. The...
1 hour ago
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