So I start the trend line there. Early on, it looks like about 12 months are above the trend line. Then for awhile there are points both above and below the trend line. But each of the last 11 months is above the trend line (except for one, which looks like it is right on the line). Not sure if this is a good sign or not (is the economy overheating?).
Click here to see the graph from the St. Louis Fed.
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