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Total 10 Year Job Gains: Negative 203k
Posted By Barry Ritholtz On September 7, 2009 @ 9:25 am In Data Analysis,Employment | Comments Disabled
Speaking with Marketwatch’s Rex Nutting, I learned yet another incredible datapoint: Over the past decade, the U.S. private-sector has lost 203,000 jobs.
That’s right: Zero job growth for 10 years.
In the 1940s, we created 10 million jobs. In the 1990s, we added 19 million new jobs. Even during the much-maligned 1970s, we added almost 16 million jobs.
The 2000s might be zero. Some economy, huh?
The government has created 2.1 million jobs over that period — primarily teachers. And, that’s the weakest government job growth in nearly two decades.
Happy Labor Day!
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