The following chart shows the 12-month moving average of annualized production and nonsupervisory sign (durable goods) employee minutes worked per capita.
Click to enlarge.
New businesses need signs. Right?
The signs aren't looking so good, both short-term and long-term.
Update:
After further review, I noticed that the chart's data was per capita and not per 1,000 people. That's been fixed.
Source Data:
BLS: Employment
St. Louis Fed: Population
Inflation Adjusted House Prices 2.4% Below Peak; Price-to-rent index is
7.5% below 2022 peak
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Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted
House Prices 2.4% Below Peak
Excerpt:
It has been over 17 years since the bubble...
3 hours ago
4 comments:
What, no obligatory Signs songs?http://www.youtube.com/watch?v=BrmT4KQe_pM
http://www.youtube.com/watch?v=gklM1AiZX0s
http://www.youtube.com/watch?v=gklM1AiZX0s
fudge_hend,
Nice!
Signs theme ;)
Signs as signs? Brilliant! :-)
TJandTheBear,
I can't seem to resist a good pun! (Or perhaps even a bad one, lol.)
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