I love the way the two data lines on the graph below overlap:
via Jake at Econompic
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Source:
Table A-12. Alternative measures of labor underutilization
http://www.bls.gov/news.release/empsit.t12.htm
"My formula for success is rise early, work late and strike oil." —John Paul Getty
Consumer Credit outstanding fell $14.8b in Sept seasonally adjusted, almost $5b more than expected and marks the 11th month in the past 12 of declines. At $2.456T outstanding, it is 4.9% below the record high in July '08. After a flat reading in Aug, (didn't fall b/c of the CARS program), non revolving debt outstanding fell by $4.9B. Revolving (mostly credit cards) balances outstanding fell by $9.9B. To fully put into perspective today's data, look at the current level of consumer credit (doesn't include mortgages, the biggest chunk of consumer credit) relative to GDP. As of Q3, it totaled 17.2%...
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January 9th, 2009 at 11:03 am
Let’s not forget all those folks technically “fully employed” but taking either salary cuts or salary and bonus freezes this year.
January 9th, 2009 at 11:45 am
Let’s also not forget all those who trade stocks for a living and contribute nothing to society ; ).
January 9th, 2009 at 1:35 pm
Where does it show average monthly toe loss?