Archive for December 17th, 2014

The state of the economy in one killer chart …

December 17, 2014

This isn’t it !

This one was in the WSJ last week.

The accompanying narrative was something like “adding jobs – full-time, not part-time —  looking good”.

Earlier this week, we showed that the WSJ data is accurate, but it’s analysis is misleading because it starts analyzing from the depth of the recession (versus before the start of the recession) … and looks at raw numbers of jobs added (without normalizing for population growth).

Again, this isn’t the killer chart, I’m talking about.

 

image

 

Rather, I’ve pulled together my earlier analysis into one simple chart that tells the story …

(more…)