Interesting chart via PIMCO’s Bill Gross, comparing manufacturing employment with tat of Real Estate agents. Recall we visited a related subject back in April, looking at the bull market in Real Estate Agents.
click for larger chart
Note the two scales are very different. The chart doesn’t specify, but I am assuming that its in 1,000s.
The key takeaway is the ongoing shift — now in its 3rd decade — away from a manufacturing economy and towards a services ased one.