Today’s Jobs Report in Pictures
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.