Charts of the Week: Payroll vs GDP

Payrolls rise for the 3rd consecutive month; Net job creation will start occurring when the change in payrolls is plus 200,000.

Change in non-farm payrolls vs. GDP
(doubleclick for full image)

Payrolls Rise and Unemployment
Source: WSJ, Labor Department

The unemployment levels peaked in 2002 at 6.5%. While joblessness may be up from the peak levels during the 1999 and 2000 bubble, 6% is considered an historically modest level.

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Quote of the Day

“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”
John Maynard Keynes

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