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Jobs recovery continues dismal path [ClearOnMoney]
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Jobs recovery continues dismal path

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Commentary

Jobs recovery continues dismal path

6 Jan 2012 by Jim Fickett.

The US employment situation report came out today. The short story is that the recovery continues, but just barely, and there is no sign that the recovery will accelerate.

As feared, based on the 30 year pattern of each recovery being worse than the previous one, job growth seems to be leveling off, with the year-over-year increase in jobs at just 1.3% (where 1% is just keeping up with population growth).

Looking at the percent change in the number of jobs since the pre-recession peak, and taking into account population growth (dashed line), it is fairly obvious that we are not going to make up recent losses in the next few years:

The two leading indicators I follow still suggest the bad news will continue: