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Charts of the Week: Payroll vs GDP

Posted By Barry Ritholtz On November 10, 2003 @ 2:09 pm In Finance | Comments Disabled

Payrolls rise for the 3rd consecutive month; Net job creation will start occurring when the change in payrolls is plus 200,000.

Change in non-farm payrolls vs. GDP
(doubleclick for full image)
employment_and_gdp_growth.gif [1]

Payrolls Rise and Unemployment
Source: WSJ [2], Labor Department

The unemployment levels peaked in 2002 at 6.5%. While joblessness may be up from the peak levels during the 1999 and 2000 bubble, 6% is considered an historically modest level.

Random Items:
The Great Job Machine [3]
Capitalizing On Christmas [4]
A Nation Apart [5]
The Technology Revival–Is it Real? Is it Sustainable? [6]
Ten most overpaid jobs in the U.S. [7]
Mutual fund mess casts cloud over investors [8]

Quote of the Day

“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”
-John Maynard Keynes [9]

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2003/11/charts-of-the-week-payroll-vs-gdp/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/comments/employment_and_gdp_growth.html

[2] WSJ: http://online.wsj.com/article/0,,SB106821164619866600-search,00.html

[3] The Great Job Machine: http://www.nytimes.com/2003/11/07/opinion/07COXX.html

[4] Capitalizing On Christmas: http://www.washingtonpost.com/wp-dyn/articles/A14763-2003Nov8.html

[5] A Nation Apart: http://www.economist.com/printedition/displayStory.cfm?Story_ID=2172066

[6] The Technology Revival–Is it Real? Is it Sustainable?: http://www.morganstanley.com/GEFdata/digests/latest-digest.html

[7] Ten most overpaid jobs in the U.S.: http://cbs.marketwatch.com/news/print_story.asp?print=1&guid={954AA053-F953-43F3-BBC8-63D351A3BF2A}&siteid=mktw

[8] Mutual fund mess casts cloud over investors: http://www.siliconvalley.com/mld/siliconvalley/7225969.htm

[9] John Maynard Keynes: http://econ161.berkeley.edu/Economists/keynes.html

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