The chart above shows the "Coincident Economic Activity Indexes" for the U.S. and a sample of U.S. states (New York, Florida, California, Arizona, Minnesota, Illinois, and Wisconsin). The coincident economic indexes are based on four variables: nonfarm payroll employment, the unemployment rate, average hours worked in manufacturing, and wages and salaries.When you read the comments to that post, you will understand one reason I quit taking comments; the number of inane comments was overwhelming.
And, of course, Carpe Diem's cartoon of the day was right on target (no pun intended, when you see the cartoon).
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