Today’s Jobless claims numbers were encouraging, as was last week’s Employment Situation report. This gives hope that employment, the stubbornly weakest aspect of the recovery, may finally be improving.

Nonfarm Payrolls (% change from recession end)
Nonfarm Payrolls.gif
Source: Chart of the Day

As the chart above shows, job creation in the present recovery continues to lag similar periods in other post-recessionary cycles. Note the scope and duration divergence from the previous recoveries in the 90s, and in 2nd half 20th century.

Category: Finance

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