Private sector job creation in the 2001 recession recovery
is the worst on record in the post WWII period:

Private Sector Job Creation (2001 Recession/Recovery)
Click for larger graphic

4_years_after_recession_private_sector

Source: EPInet

To merely keep up with Population growth, the economy
requires ~150k new positions created per month. That is not happening now on an
ongoing basis. If this expansion – modest though it may be – is going to
continue, a string of job creation in the 150k plus for several continuous
months is required.

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Quote of the Day:

"I know the price of success: dedication, hard work and an
unremitting devotion to the things you want to see happen."

-Frank Lloyd Wright

Category: Economy, Markets

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Chart of the Week: Private Sector Job Creation (2001 Recession/Recovery)”

  1. JWC says:

    Thanks for the picture. As always, a picture is worth a thousand words….

    Sucky.

  2. Projections and Oil Rationale

    The Bush administration has proven that it easily and often gets policy outcome projections horrendously wrong on a consistent basis even when the opposition is not trying to actively shoot at US troops and blow the needed assets up.