We recently took a look at total weekly hours worked in the private sector. Now lets look at that figure divided by the civilian noninstitutional population to determine the number of hours worked per "civilian".
Is this not the ultimate head and shoulders pattern?
Source: BLS
Wednesday, July 15, 2009
The Ultimate Head and Shoulders Pattern
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Not sure how valid "technical analysis" of this stuff is...But, the graph at the link below (longer time series of similar data) looks even more ominous:
ReplyDeletehttp://research.stlouisfed.org/fred2/series/EMRATIO?cid=12
I recommend Selsun Blue for these types of head and shoulder patterns. I mean, if you cannot wear black, there would be no Johnny Cash!
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