The following chart shows the annual growth in quality nonfarm employment. I am excluding retail trade and food services and drinking places jobs, as these are relatively low paying jobs (and generally do not require a college degree).
Click to enlarge.1. As seen in red, we're currently attempting to hug the high point long-term declining trend.
2. As seen in blue, the overall long-term declining trend has finally reached 0% growth.
How can one not be optimistic when wearing the proper spectacles? Don't even look at the blue trend line. Just stare at where we are on the red trend line! It's still positive! The glasses are therefore still half full!
Seriously, this economy is
to dye for! There's no need to be chicken. Swing for the fences! The Fed has permanently put a stop to recessions! What's the worst that could happen?
Chicken EyeglassesThe idea behind the glasses is to prevent chickens from attacking and cannibalizing one another. Red-tinted lenses, as opposed to other colors, are said to be effective in stopping the internecine pecking because they disguise the color of blood. As summed up in a 1953 article in Indiana's National Road Traveler newspaper, "The deep rose-colored plastic lenses make it impossible for the cannibal [chicken] to see blood on the other chickens, although permitting it to see the grain on the ground."
Yes! More
grain! Less
life blood!
This is not investment advice. Don't be a victim of
sarchasm!
Source Data:St. Louis Fed: Custom Chart
