Saturday, June 5, 2010

Some different ways of looking at the US economy.


You can see the curve sliding downward having reached a peak, on the BLS' underutilization rate, Table A-15, figure U-6.

Meanwhile, you can see that the weekly hours of non-farm, private employees from BLS' Table B-2 has begun to recover.











It almost appears that weekly hours should recover to pre-recession levels in about 6 months, which would then give pressure to hiring new employees, but the real job growth won't happen until very late this year, and mostly next year.

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