Let’s wrap up the Establishment Survey, which is the official name for the report that produces all of the payroll numbers, with a couple of notes.

The first was that I had to open the scale on this chart, which is something I enjoy doing.
The second is that the internals of the report suggested that we should not look for this series to roll over any time soon.

The third, and I can’t stress this enough, is that this is what was supposed to have happened.

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