Embrace the FIRE Economy

by: Tim Iacono

From the Global Macro Monitor blog comes another uplifting chart that lays U.S. job losses in the manufacturing sector up against job gains in another part of the economy that shouldn’t be doing so well, in this case, Finance, Insurance, and Real Estate.

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Recall that in this item, a similar graphic was created to show how government jobs surpassed manufacturing jobs back in 2007. Anyone wanting to really get depressed could combine the two to show both sectors overtaking manufacturing on the same chart – the FIRE economy in 1986 and the government sector 21 years later.