The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Saturday, September 6, 2014

Jobs? And "Economist" Frown At The 142,000 as "Weak"

Jobs, Budget, US Economy
Posted with permission from CBPP
Off the Charts: Policy Insight Beyond the Numbers

Today’s Jobs Report in Pictures

September 5, 2014 at 9:39 am
Today’s disappointing jobs report, while perhaps only a temporary blip in an ongoing labor market recovery, is nevertheless a sober reminder of how devastating the Great Recession and subsequent prolonged jobs slump has been for American workers.  In particular, the share of the population with a job, which plunged to low levels not seen since the early 1980s, has since risen only modestly even though we now are more than five years into the recovery.  In addition, the share of the labor force that is working fewer hours than it would like remains elevated, and unusually high long-term unemployment persists.
Click here for my full statement with further analysis.
Share of population with a job remains near recession levels
Long-term unemployment
Monthly job growth
Job losses were particularly high
Unemployment rate

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