More Employment Charts

A few new charts hit my inbox since yesterday’s NFP data was released. These put the current state of the job market into greater perspective. (Click on charts to enlarge) 

Monthly Changes in Non Farm Payroll, 2004-09:

This is a simple chart, showing the gains or losses each month over the past 5 years:

NFP-Change.png

Chart courtesy of NYT

THE EMPLOYMENT RATE IS NOW AT 58.2% —  LOWEST RATE SINCE AUGUST 1983

This to me is a devastating picture of the workforce in the US — at its lowest level in nearly 3 decades:

EMPLOYMENT-RATE-58.2.png

chart courtesy of Gluskin Sheff

Temp Help is Improving

Its not all glum — Temp help is improving, and tends to be a good early indicator of more hiring to come:

Steinberg_chartjan09.jpg

chart courtesy of Bruce Steinberg.net

The 2000s were a bust:  Nonfarm payrolls gains by decade (data to 1939).

Straight forward chart showing the lost decade of the 2000s in terms of US job creation:

20100108.gif

THE PERCENT OF THOSE UNEMPLOYED  27 WEEKS AND OVER IS NOW AT 40%

Another ugly chart: The unemployed are not easily finding new jobs:

PERCENT-OF-UNEMPLOYED-27-WEEKS-+-40.png

chart courtesy of Gluskin Sheff

Percent Job Losses in Post WWII Recessions

Here is what the 2007-2010 Recession looks like in terms of recovery of jobs lost: EmploymentRecessionsDec.jpg

courtesy Calculated Risk


Originally published at The Big Picture and reproduced here with the author’s permission.
 
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