QE impact on jobs

Here is an interesting and amazing data set comparing FOMC actions and payroll change....even with QE2, Twist and QE3 jobs have been floundering around the 200 mark since November 2010....at least from this data comparison it does not appear that QE has a direct positive correlation to improving levels of job growth!

So it appears that from a jobs creation perspective the advent of 'tapering' would not seem to be a 'jobs growth' problem as much as it will be a 'market price' problem.

That makes the real question of the day - what has FOMC's historic and creative monetary tool box usage actually accomplished in this cycle?

Chart Of The Day