Remember that NYT chart from earlier today? Well, one of my favorite chart-makers, Wcw, or West-Coast Whiner, has helpfully converted it into a line chart, which does kinda put it in perspective. Here’s Wcw’s chart, with the NYT chart underneath:
As you can see, there is a case to be made that payrolls are falling slowing down on a year-on-year basis, even though they’re rising accelerating on a month-on-month basis. But in the grand scheme of things they’re actually pretty steady, compared to the wild swings we’ve seen in the past.
Eh? “there is a case to be made that payrolls are falling on a year-on-year basis” Rate of growth slowing, you mean?
Quite right. Sorry. Fixed.