The US Labor Market In One Chart (According To The Fed)

Tyler Durden's picture

Having spent the last few years blowing away the importance of the unemployment rate propaganda as participation rates have now become mainstream media discussion points, we were not surprised when the Fed admitted that it uses a "dashboard" of various employment measures (even if the world watches payrolls data as if there life depended upon it). As The Fed's Jim Bullard shows in his latest presentation, there are 13 variables the Fed follows. As the following chart shows, the surge in temporary help services hardly supports the great news that Friday's jobs data appeared to be (given stock market reactions).

 

 

Source: St.Louis Fed

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zorba THE GREEK's picture

With McDonalds sales being flat, the main driver of employment in the nation is faltering

ShrNfr's picture

I don't have any beef with that comment.

rubiconsolutions's picture

When did Hasbro start using a Spirograph to do charts for the Fed?

NOTaREALmerican's picture

That's not a jobs chart!   That was design to hypnotize Hedglings into buying stocks!!!!

AVERT YOUR EYES!!!

 

what's that smell's picture

more like a web to catch muppets and suck them dry.

ParkAveFlasher's picture

I used to frickin' love Galaga.

kchrisc's picture

I still do. Remember Sinistar?!

karp4cy's picture

I think Tempest is the 80's video game reference you were looking for...

oklaboy's picture

looks like the background video to indagaaada divvvvvaaadddaaaa ( in the garden of eden)

oklaboy's picture

looks like the background video to indagaaada divvvvvaaadddaaaa ( in the garden of eden)

angel_of_joy's picture

You mean "In-A-Gadda-Da-Vida".

Google too hard for you, oklaboy ?

Australian Economist's picture

If this was Football Manager May 2014 would make a decent Defensive Midfielder

ebworthen's picture

So everything is worse than 2004 other than temp. help and initial unemployment claims. 

Winning?

I Write Code's picture

Shelob has eaten the labor market.

The Most Interesting Frog in the World's picture

Bullard is just making shit up at this point.

"Hey Janet, look what my little girl brought home from her 3rd grade art class.

Jim that is so nice. Tell ya what, let's use it as an employment chart this month. All in favor?

I's have it!

zaphod42's picture

At last!  A schematic of the spider web that is the FED. 

Craig