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Jobs Report is Still a Bummer

Despite Mixed Headlines, Today’s Jobs Report is Still a Bummer | " . . . . when you take a step back and look at the long-term trends employment trends in the economy, we’re simply not adding enough jobs to get the economy back to full strength any time soon. So far this year, we’ve seen an average of roughly 186,000 new jobs per month. We averaged 175,000 and 182,000 jobs per month in 2011 and 2012 respectively. If the pace of job growth is accelerating at all, it’s doing so only very slightly. Four years into the recovery, we’re sill more than 1.5 million jobs short of peak jobs in 2008, and that’s after years of population growth. Adding more than 200,000 jobs in any given month is pretty good news, but any sober look at the bigger picture says it’s nowhere near good enough. . . ."

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