Click to enlarge.
At first glance, this appears to be yet another trend failure. That is not the case though! There is a trend that nearly perfectly describes what is going on. I just need to alter the way the data is displayed so that you can see it better.
Click to enlarge.
When using a log scale, constant exponential growth is seen as a straight line. The line in the chart above is certainly not straight. It is curving downwards. As seen in the following chart, it is curving downwards in a very consistent way. In fact, it is the exact same way that a baseball in flight would be curved downwards after it is hit into the air, with gravity being the constant. I'm using a 2nd order polynomial to show the path.
Click to enlarge.
There are 42 million jobs here. I just don't see where the future growth will come from. These also tend to be the higher paying jobs that a person holding a college degree might have. Sigh.
The future's so bright I gotta... Oh, never mind. I give up.
“A pessimist is a man who has been compelled to live with an optimist.” – Elbert Hubbard
Source Data:
St. Louis Fed: Nonfarm Payolls Minus Production and Nonsupervisory Employees
St. Louis Fed: Nonfarm Payolls Minus Production and Nonsupervisory Employees (Natural Log)
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Posted by: Tukiyooo
The Rise and Fall of the Middle Manager Updated at :
10:58 AM
Saturday, September 7, 2013
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