Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I see your point, I just wonder if the data are sufficiently precise, and commensurate among periods, such that we could reliably detect inflection points or test for differences in their relative locations within the series. Chi-by-eye, you know!
by PIGL (stevec@boreal.gmail@com) on Mon Feb 9th, 2009 at 06:27:53 PM EST
[ Parent ]
... frequency as macro stats go ...

... and even more to the point, the latest monthly employment figures release showed U6 unemployment at 15.4%, so this makes over a quarter that U6 unemployment been (1) increasing and (2) increasing at an increasing rate.

The rest of the employment statistics confirms what the percentage decline in payroll employment suggests ... at the moment, employment is in free fall.

If the Us stimulus bill passes, it will of course not be enough to reverse that movement, but it might be enough to slow the rate of descent, which would be something of use.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Mon Feb 9th, 2009 at 06:40:57 PM EST
[ Parent ]


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