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Employment Release: We Are Now Back to the 2016 Stochastic Trend

Summary:
Figure 1: Nonfarm payroll employment, in 000’s, seasonally adjusted (dark blue), and stochastic trend in logs estimated over 2016 (dark red). Orange denotes Trump administration. Source: BLS, December employment release, and author’s calculations.

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Employment Release: We Are Now Back to the 2016 Stochastic Trend
Figure 1: Nonfarm payroll employment, in 000’s, seasonally adjusted (dark blue), and stochastic trend in logs estimated over 2016 (dark red). Orange denotes Trump administration. Source: BLS, December employment release, and author’s calculations.
Menzie Chinn
He is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

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