USA Employment...Still Bumping Along the Bottom...

[Ghent12]

Re: USA Employment...Still Bumping Along the Bottom...

Thanks for the update. Some graphs just have a knack for putting things succinctly into perspective for easily showing others.

[touchring]

Re: USA Employment...Still Bumping Along the Bottom...

In today's fast moving world, unemployment can become endermic because you are not just losing jobs, but you're losing expertise and industries. If it takes $50,000 to create a new job, it will take $200,000 to get back a lost job.

[tsetsefly]

Re: USA Employment...Still Bumping Along the Bottom...

From cnn, seems the government miscalculated jobs lost, by about 360,000...
Recession job losses: Worse than first thought

NEW YORK (CNNMoney.com) -- As bad as job losses were during the recession, we're about to find out that things were even worse.
The government currently estimates that 2.2 million jobs were lost from April of 2009 through March of this year, a significant portion of the 7.8 million jobs lost since the start of 2008.

But in a little-noticed note at the bottom of September's jobs report, the Labor Department said it now appears there were 366,000 additional jobs lost during the 12 months that ended in March, a revision that is not yet included in the official numbers.
That revision isn't as bad as last year's -- when the Labor Department said that an additional 902,000 jobs were lost. But it is still the second largest downward adjustment in nearly 20 years.
The final revision won't be announced until February, but the Labor Department gives a preview in early October of what it is expecting.
This year's large revision is a sign of the difficulty the Labor Department has estimating the number of jobs lost and created during the severe economic upheaval of recent years.

http://money.cnn.com/2010/10/12/news...ions/index.htm