Today’s Jobs Report in Pictures

April 5, 2013 at 10:12 am

Today’s jobs report, with disappointing job growth and a large drop in the labor force, shows that a robust jobs recovery remains elusive. That situation won’t likely improve in coming months as the sequestration budget cuts begin to slow the economic recovery and make it harder for the unemployed — especially the unprecedented numbers of long-term unemployed (see chart) — to find a job. Adding insult to injury, sequestration also cuts federal unemployment insurance (UI) benefits for the long-term unemployed.

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

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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

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