Employment Gone Wild v.2

The following chart shows the year over year employment growth as seen in the average of the government's establishment and household surveys.


Click to enlarge.

I have added two 2nd order polynomial trend lines for your consideration. Both use data points that start from the trough to the point that the growth first turns negative. Note that both polynomials currently have the same 0.93 correlation.

Although history cannot often accurately predict the future, I do think those who argue that employment growth is about to pick up might not be wrong. I think downward is the most likely direction though, for what that's worth.

Just opinions. This is not investment advice.

See Also:
Employment Gone Wild

Source Data:
St. Louis Fed: Custom Chart