Saturday, July 05, 2014

Jobs "creation" miserable--------Full-Time Jobs Peaked 80-Months Ago At 122 Million; June Still 3.7M Or 3% Lower

Full-Time Jobs Peaked 80-Months Ago At 122 Million; June Still 3.7M Or 3% Lower | David Stockman's Contra Corner:
Never before has it taken so long to recover employment back to pre-recession peaks.
Let’s look at this another way: 
How fast is employment growing vs. the rise in population?

The green line (population minus full-time employment) shows that from the mid-1980s through the start of the recession, full-time employment outpaced population growth. 
Since then full-time employment has lagged.
Such details shows seemingly good job numbers are nowhere near as good as widely touted.

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