Wednesday, January 4, 2017

Betting It All On The Jobless Consumer





These charts are regular close. After hours not shown...









“The spike down to a 4.6% unemployment rate seems to have sapped even the most diehard doves of any energy to continue concocting arguments to support the notion that significant labor market slack remains”

Job creation (red) with the number of people who want a McJob aka. "the unemployment rate" (black):



One of these is not like the others...

Job creation with log scale Fed rate:




Wage growth, per se...