The latest jobs report was a major disappointment, as the 80K number of net new jobs created was below the 100K that was expected, and well below any pace that will quickly reduce the unemployment number, which remains elevated at 8.2%.
And so we bring you the latest, updated version of this famous chart from Bill McBride at Calculated Risk, which shows the trajectory of the jobs decline (starting at the beginning of the recession) and the recovery, compared to all of the other post-WWII recessions.
Once again, the decline is far deeper than anything previous that we've seen, and the comeback remains bad.
No comments:
Post a Comment