Consider the following charts from the St. Louis Federal Reserve:
The bottom line is it is getting harder to find work. This indicates the labor market is deteriorating. Also consider this chart from Calculated Risk:
Friday, September 26, 2008
Employment Picture is Deteriorating Badly
Click on the images below for a larger image
Consider the following charts from the St. Louis Federal Reserve:
The bottom line is it is getting harder to find work. This indicates the labor market is deteriorating. Also consider this chart from Calculated Risk:
Consider the following charts from the St. Louis Federal Reserve:
The bottom line is it is getting harder to find work. This indicates the labor market is deteriorating. Also consider this chart from Calculated Risk:
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2 comments:
Do they have the charts by percentage rather than total population? It should get rid of the upward trend caused by population growth. I'd think the U6 would show the same correlation, I just never see it calculated back more than a couple decades.
Law of supply and demand: for more population, you need to find more jobs, therefore population growth means more unemployment if those jobs aren't created.
Of course, this trend means that when the United States dollar hits parity with the Italian Lira next week, maybe all of the illegal immigrants will get the hint and go home....
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