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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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Mon, 06/09/2014 - 17:06 | 4838532 zorba THE GREEK
zorba THE GREEK's picture

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

Mon, 06/09/2014 - 17:29 | 4838595 ShrNfr
ShrNfr's picture

I don't have any beef with that comment.

Mon, 06/09/2014 - 19:15 | 4838904 rubiconsolutions
rubiconsolutions's picture

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

Mon, 06/09/2014 - 17:07 | 4838537 NOTaREALmerican
NOTaREALmerican's picture

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

AVERT YOUR EYES!!!

 

Tue, 06/10/2014 - 06:17 | 4839824 what's that smell
what's that smell's picture

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

Mon, 06/09/2014 - 17:08 | 4838545 ParkAveFlasher
ParkAveFlasher's picture

I used to frickin' love Galaga.

Mon, 06/09/2014 - 17:15 | 4838561 kchrisc
kchrisc's picture

I still do. Remember Sinistar?!

Mon, 06/09/2014 - 17:28 | 4838593 NOTaREALmerican
NOTaREALmerican's picture

Who doesn't remember Frank !

Mon, 06/09/2014 - 18:23 | 4838758 Cthonic
Cthonic's picture

robotron

Mon, 06/09/2014 - 17:35 | 4838606 karp4cy
karp4cy's picture

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

Mon, 06/09/2014 - 17:23 | 4838576 oklaboy
oklaboy's picture

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

Mon, 06/09/2014 - 17:23 | 4838577 oklaboy
oklaboy's picture

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

Tue, 06/10/2014 - 00:21 | 4839601 angel_of_joy
angel_of_joy's picture

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

Google too hard for you, oklaboy ?

Mon, 06/09/2014 - 17:30 | 4838598 Australian Economist
Australian Economist's picture

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

Mon, 06/09/2014 - 17:38 | 4838613 ebworthen
ebworthen's picture

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

Winning?

Mon, 06/09/2014 - 18:03 | 4838682 I Write Code
I Write Code's picture

Shelob has eaten the labor market.

Mon, 06/09/2014 - 18:47 | 4838829 The Most Intere...
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!

Mon, 06/09/2014 - 18:53 | 4838847 zaphod42
zaphod42's picture

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

Craig

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