Wednesday, July 15, 2009

The Ultimate Head and Shoulders Pattern

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
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2 comments:

  1. UnknownJuly 15, 2009 at 10:57 AM

    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:

    http://research.stlouisfed.org/fred2/series/EMRATIO?cid=12

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  2. EconomicDisconnectJuly 15, 2009 at 3:12 PM

    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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