Tuesday, January 15, 2013

Nice graph from Federal Reserve Bank of Atlanta

The Federal Reserve Bank of Atlanta (see here) is experimenting with graphical ways to display information about the economy as it recovers from the Great Recession.  The following "spider graph" (in my opinion) does a nice job conveying the essential data.



They comment on the graph as follows:

The chart tells a familiar, but not too happy, story. Only one of the variables in the collection of employer behavior, employee and employer confidence, and labor resource utilization categories has recovered even half the gap from its prerecession benchmark. The labor resource utilization variables look particularly bad, with one variable—marginally attached workers—actually getting worse over the recovery as a whole. On the brighter side, our leading-indicator variables are looking relatively strong, perhaps portending improvement ahead.

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