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Clear downtrend in the rate of US job growth [ClearOnMoney]
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Clear downtrend in the rate of US job growth

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Commentary

Clear downtrend in the rate of US job growth

1 Feb 2013 by Jim Fickett.

Today the Bureau of Labor Statistics released employment data through January. This release included the annual benchmark revision, using more comprehensive data than the usual monthly releases, and revised the employment statistics over most of the last year. It is now clear that the rate of job growth has been in decline for about a year. And, unfortunately, leading indicators suggest further deterioration.

What this means is that, from a jobs perspective (and the numbers of jobs is among the most fundamental of economic measures), the US is still in recovery, but the recovery has been gradually losing momentum for a year.