3 Troubling Charts That Prove The US Economy Is Way Off Track

We had a flurry of bad economic news last week. And we have a critical — both economically and politically — jobs report coming up Friday.

So I thought I would pull back the camera a bit and look where the recovery stands:

1. The output gap — the difference between where the economy would be if it was recovering normally (the blue line below) and where it actually is (the red line) — remains a gaping, unhealing wound:

2. The number of working age Americans who are actually working, as a share of the total population, is dead in the water:

3. The U.S. labour force as a per cent of the civilian noninstitutional population remains in a death spiral:

And you know what’s really bad. Next year doesn’t look any better, as this JPMorgan forecast suggests:

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