U.S. jobs growth lags historical pace

 EmailPrint This Post Print This Post

The U.S. Labor Department reported on Friday that nonfarm payrolls (jobs) increased by 200,000 in December. For some perspective, Chart of the Day provided a graph that illustrates the percent increase in the number of jobs for every decade since the 1940s (the data goes back to 1939).

The chart below shows that up until this millennium, the number of jobs at the end of a decade has always been at least 20% greater than 10 years prior.

“During the last decade (2000s), not only was that 20% plus growth not achieved, the decade actually ended with less jobs than when it began,” said the report. “This negative job growth is particularly noteworthy due to the fact that the US population had increased by 10% during the same time frame.

“Two years into the current decade (see gray column), the chart illustrates that job growth is positive. If job growth during the current decade were to increase at the same pace as what occurred during the first two years, the decade would end with a 10% gain in jobs (see gray dot). This is certainly better than the decade just passed, however, it is well off the 20% plus pace of decades past.”

Source: Chart of the Day, January 7, 2012.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

More on this topic (What's this?)
Sluggish Job Growth Prevails… Again
The US September Non-Farm Payrolls Report in Pictures
Read more on Yondenko, Nonfarm Payroll (NFP) at Wikinvest
OverSeas Radio Network

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones


One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

January 2012
MTWTFSS
« Dec Feb »
 1
2345678
9101112131415
16171819202122
23242526272829
3031 

Feed the Bull