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Job growth remains stuck at a very low level [ClearOnMoney]
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Job growth remains stuck at a very low level

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Commentary

Job growth remains stuck at a very low level

5 Oct 2012 by Jim Fickett.

Some people are saying that today's employment report is a good one. Maybe, in comparison to some of the last couple years. But the fact that job growth remains stuck at a level far below that of recent expansions shows just how unusually bad this recovery has been, and continues to be.

The overall improvement trend of initial unemployment claims has nearly stalled. This suggests the growth rate in jobs is unlikely to improve significantly:

The rate of growth in temporary jobs also fails to provide any encouragement:

This is the main employment story: despite the Fed's best efforts, this remains the most lackluster expansion in many decades.

(All the other usual graphs can be found on the Reference page US employment and its sub-pages.)