Today’s Jobs Report in Pictures

August 2, 2013 at 9:38 am

Today’s jobs report shows a familiar pattern. Private employers added jobs for the 41st straight month, yet nonfarm payroll employment remains lower than it was at the start of the recession in December 2007. It’s well below what’s required for full employment. The unemployment rate fell to 7.4 percent, but as Federal Reserve Chairman Ben Bernanke stated recently, the current unemployment rate “overstates the health of our labor markets.” In particular, the share of the population with a job remains stuck near levels reached in the depth of the recession.

Below are some charts to show how the new figures look in historical context. Check here for my full statement with further analysis.

Print Friendly

More About Chad Stone

Chad Stone

Chad Stone is Chief Economist at the Center on Budget and Policy Priorities, where he specializes in the economic analysis of budget and policy issues. You can follow him on Twitter @ChadCBPP.

Full bio | Blog Archive | Research archive at CBPP.org

Your Comment

Comment Policy:

Thank you for joining the conversation about important policy issues. Comments are limited to 1,500 characters and are subject to approval and moderation. We reserve the right to remove comments that:

  • are injurious, defamatory, profane, off-topic or inappropriate;
  • contain personal attacks or racist, sexist, homophobic, or other slurs;
  • solicit and/or advertise for personal blogs and websites or to sell products or services;
  • may infringe the copyright or intellectual property rights of others or other applicable laws or regulations; or
  • are otherwise inconsistent with the goals of this blog.

Posted comments do not necessarily represent the views of the CBPP and do not constitute official endorsement by CBPP. Please note that comments will be approved during the Center's business hours. If you have questions, please contact communications@cbpp.org.




2 × seven =

 characters available