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Is there really more volatility? My gut feeling is that government interventions have flattened it over recent decades. I’d like to see some real figures on thi
by tonyedgecombe 1y ago
Is there really more volatility? My gut feeling is that government interventions have flattened it over recent decades. I’d like to see some real figures on this.
- RC_ITR 1y agohttps://fred.stlouisfed.org/graph/?g=1Mc3z https://fred.stlouisfed.org/graph/?g=1Mc3z Manufacturing and mining are becoming much less correlated to the overall jobs market (likely, as you point out, b/c the government smooths the other sectors). https://fred.stlouisfed.org/graph/?g=1Mc3I https://fred.stlouisfed.org/graph/?g=1Mc3I This is despite being a relatively flat % of employment since 2010 (after a long period of decline). https://fred.stlouisfed.org/graph/?g=1Mc4f https://fred.stlouisfed.org/graph/?g=1Mc4f As mentioned, there is also the weirdness of SWE's going from 'better than the overall market' to 'worse than the overall market'. https://fred.stlouisfed.org/graph/?g=1Mcer https://fred.stlouisfed.org/graph/?g=1Mcer Retail employment is also dislocating. Those are just the examples I can think of with no research, I'm sure there are others.