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The following chart shows the monthly change in the 12-month moving average of the aggregate weekly hours of production and nonsupervisory accommodation industry employees.


Click to enlarge.



In case you didn't know, it's an alarm! You're not on a pleasure cruise!

Source Data:
BLS: Employment
NBER: US Business Cycle Expansions and Contractions
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Posted by: Tukiyooo The Fed's Real Accommodation Updated at : 11:00 AM
Sunday, January 26, 2014

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