CHART OF THE DAY: We've Wiped Out All The New Jobs Of The 21st Century

[thundley4]

What's the best way to express just how bad the job market is? You could look at the soaring unemployment rate, or perhaps the ever-shortening work week. How about this: Total nonfarm payrolls, notes economist James Hamilton, are now back to where they were in mid 2000, and in a few months they'll certainly be back to pre-2000 levels. 21st century job creation: gone.

Link

[NateRiver]

If you take into account the number of people who are no longer looking for jobs, the numbers will bring us close to depression levels.
Unemployment

[AllosaursRus]

If you take into account the number of people who are no longer looking for jobs, the numbers will bring us close to depression levels.
Unemployment

I refuse to let these left wing assholes put a cookie on my machine. Could you kinda give us a summary of what this link is? Either that or a name and password to see the link.

[thundley4]

I refuse to let these left wing assholes put a cookie on my machine. Could you kinda give us a summary of what this link is? Either that or a name and password to see the link.

On the Unemployment Line, Unable to Move

 
By FLOYD NORRIS
Published: July 10, 2009
LONG-TERM unemployment in the United States has risen to its highest level since the Great Depression, as those who have lost jobs have found it difficult to find new ones.

The government reported last week that the overall unemployment rate rose to 9.5 percent of the labor force in June, the highest since 1982, when the rate peaked at 10.8 percent.

The long-term unemployment rate — the proportion of the labor force that has been out of work for at least 15 weeks — climbed to 5.1 percent. Until this year, the post-Depression high for that rate had been 4.2 percent.

June was also the first month since the government began collecting the data in 1948 that more than half of the unemployed people had been out of work for at least 15 weeks.

The proportion of workers without jobs for at least 27 weeks rose to 2.8 percent, which is also the highest since World War II.

[franksolich]

Anybody but me notice anything?

When did the current slump occur?

Didn't the current slump begin suspiciously after the Democrats took control of Congress in the mid-term elections of 2006?

Anybody but me notice that?  I never notice anyone else mentioning it.

Look at the charts; it's all there.

[thundley4]

Anybody but me notice anything?

When did the current slump occur?

Didn't the current slump begin suspiciously after the Democrats took control of Congress in the mid-term elections of 2006?

Anybody but me notice that?  I never notice anyone else mentioning it.

Look at the charts; it's all there.

It started at that time, but when it became clear that 0Bama would get the Dim nomination, and likely win the presidency, everything accelerated for the worse. Business owners knew they were going to be in for a world of hurt under a socialist regime.

[franksolich]

It started at that time, but when it became clear that 0Bama would get the Dim nomination, and likely win the presidency, everything accelerated for the worse. Business owners knew they were going to be in for a world of hurt under a socialist regime.

This is a point that needs repeated over and over again, for public consumption.

This recession wasn't started by George Bush and a Republican Congress.

[AllosaursRus]

This is a point that needs repeated over and over again, for public consumption.

This recession wasn't started by George Bush and a Republican Congress.

I know, you know it, now if we could just get our congress critters to acknowledge it, maybe we could boot these idiots out of office! Problem is very few have the backbone to stand up and fight.