Directly on point with our last post on NILFs and the labor participation rate, David points us to this delicious econ-wonk chart (below).
It shows the relationship between a declining Employment Population Ratio, and subsequent recessions:
Fascinating chart — thanks for the pointer, Dave, and thanks Adam for the chart!
EM-Ratio — What, Me Worry?
Safe haven, September 09, 2007
Because of the office move (broadband gets hooked up today tomorrow), I have been a few days behind in tearing apart major releases. Yesterday, we gave the business to last week’s Back-to-School sales data, which was weaker than it appeared. We previously noted the many different ways BLS measures and reports unemployment (A Closer Look…Read More