Chart of the Week: Nonfarm Payrolls % change from recession end

Thursday, February 12, 2004 | 01:11 PM

We revisit this chart (shown previously), which starkly presents the evidence of why this recession/recovery cycle is so very different from the preceding business cycles. Present job growth is failing to even outpace population growth. The failure to create jobs at this late date leads to the conclusion that permanent, structural changes have occurred in the economy.

Nonfarm Payrolls (% change from recession end) post_recession_non_farm_payrolls_feb_2004.gif
Source: Chart of the Day, February 10, 2004

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Quote of the Day:
"I never cease being astounded about how [Greenspan’s] observations about our economy are so far removed from the reality that I see every day in my state, middle class people, and what I see all over the country. It's like we live in two different worlds.”

-Bernie Sanders, Congressman from Vermont (I)

Thursday, February 12, 2004 | 01:11 PM | Permalink | Comments (0) | TrackBack (2)
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Listed below are links to weblogs that reference Chart of the Week: Nonfarm Payrolls % change from recession end:

» Economists still don't get the job losses from Industry - The Joe Hill Dispatch - Journal of Business, Finance and Economics
I continue to be amazed at how most economists do not get a simple fact: This has been an inordinately unusual recession/recovery cycle. At this... [Read More]

Tracked on Feb 23, 2004 3:37:36 PM

» Economists still don't get the job losses from Industry - The Joe Hill Dispatch - Journal of Business, Finance and Economics
I continue to be amazed at how most economists do not get a simple fact: This has been an inordinately unusual recession/recovery cycle. At this... [Read More]

Tracked on Feb 23, 2004 3:39:45 PM

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