Some of the best employment charts from The Chart Store:
>

~~~

More charts after the jump

~~~

~~~

Category: Digital Media, Employment

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

10 Responses to “Employment Chart Update”

  1. cognos says:

    So you’re saying — “buy stocks”?

    Bc if valuations are cheap now… and earnings are growing plenty… imagine what happens as that curve continues to move up into the recovery.

    Man, should be a good run ahead!

  2. Tim.Walker says:

    What about the recession of 1937 and of course–the biggie–the start of the great depression in 1929? Is reliable data not available to include in the above graphics?

  3. tagyoureit says:

    What about a slow grind?

    Consider: Non-farm employed continues to ocillate around 132 million (barely budged in 10 years!), real wages remain stagnant, UE rate down to 7% via lower employment-population with declining government spending?

  4. NoKidding says:

    “with declining government spending?”

    You can’t possibly believe that.

  5. mark says:

    The chart of real wages is the eye opener for me. The stagnation of real wages says it all about what a house of cards we’ve been in the last 35 years (pun intended).

    As for the question “Are we going to repeat the ’70s experience?” – for that to happen nominal wages are going to have to join the inflation parade and start rising soon. Just don’t see that happening. Real wages may continue to fall but that would be more of a rhyme with the ’70s than a repeat.

    That chart is what makes me skeptical of the inflationistas arguments. I think I recall a BOE official referring to wages as the “inflation dog that has not barked”.

  6. rootless says:

    @cognos:

    if valuations are cheap now

    Please show me the valuation metric, which has been successfully tested against data, that says stock market valuations were cheap, currently.

    I don’t know any.

  7. philipat says:

    So the WSJ doesn’t owe anyone any apologies after all?!!

  8. lehunter says:

    What happens when you align on the trough instead of the peak?

  9. mathman says:

    See, one CAN get a good job – ya just have to know the right people!

    http://www.jsonline.com/watchdog/noquarter/119159584.html

  10. Ted Kavadas says:

    thanks for posting…a good (albeit sobering) collection of charts…