Today’s Jobs Report in Pictures
November 2, 2012 at 9:42 am
http://www.offthechartsblog.org/todays-jobs-report-in-pictures-19/
Posted by: Chad Stone
Posted in: Congressional Action, Economic Recovery Watch, Federal Budget, Recession and Recovery, Unemployment
http://www.offthechartsblog.org/todays-jobs-report-in-pictures-19/
Posted by: Chad Stone
Posted in: Congressional Action, Economic Recovery Watch, Federal Budget, Recession and Recovery, Unemployment
Today’s jobs report shows that the economy continues to add jobs but has yet to erase the huge job losses from the Great Recession (see first chart below). The unemployment rate has come down more than two points from its peak, but remains too high for policymakers to let emergency federal unemployment insurance (UI) expire, as it is scheduled to do, at the end of this year.
Below are some charts to show how the new figures look in historical context. Check back later for my statement with further analysis.
More About 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.
Full bio | Blog Archive | Research archive at CBPP.org
The comments I’ve seen from businesses say they are skeptical about hiring while they wait for the (upcoming) President to say how they will deal with the looming fiscal cliff plus a disbelief that Congress will get anything done. There was a similar shock when Congress wouldn’t do anything to stop the US from defaulting on debt until almost literally the last hour.