Interesting chart and detailed data on the profile of U.S. employment from the Department of Labor. Take a look at the Top 25 percent (x/ nurses) and you can see why employment is so sensitive to the “wealth effect” generated consumer spending. Click the chart and tables for a clearer picture.
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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Global Macro Monitor
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