THE SCARIEST JOBS CHART EVER
Interesting chart
If extended out at it's current trajectory we will see more than two more years of slow recovery.
Obviously... this is very bad.
One must wonder if this is due to the cure being applied... i.e. our work force on life support with Zero incentives to recover... along with increasing deficit spending.
Or
Is it really that bad? Did the Banksters and WS actually take that much money out of the system. Can so much money be removed that the system has run out of equity.
Or
Is it over regulation and poor leadership?
The regulations being applied are killing the small banks, killing small business... is this the conspiracy? To kill off true free enterprise... and make everyone get a job with a large company and join a union?
November Employment Report: 120,000 Jobs, 8.6% Unemployment Rate
by CalculatedRisk on 12/02/2011 08:30:00 AM
From MarketWatch: U.S. economy adds 120,000 jobs in November
The U.S. gained 120,000 jobs in November and the unemployment rate fell to 8.6% from 9.0%, the Labor Department said Friday. The government also revised jobs data for October and September to show that 72,000 additional jobs were created. ... Hiring in October was revised up to 100,000 from 80,000 and the job gains in September were revised up to 210,00 from 158,000. In November, companies in the private sector hired 140,000 workers ... Government cut 20,000 jobs...
Click on graph for larger image.The following graph shows the unemployment
rate. The unemployment rate declined to 8.6%. Some of the decline in in the unemployment rate was related to a decline in the number of workers in the labor force.
I'll have more on this soon (the BLS website is having a problem).
from the start of the employment
recession, in percentage terms. The dotted line is ex-Census hiring. The red line is moving slowly upwards.
This was still a weak report, and slightly below consensus. There were decent upwards revisions to the September and October reports. I'll have much more soon ...
