Today’s Jobs Report in Pictures
Today’s solid jobs report shows a labor market that continues to improve gradually, but that remains far from healed. With the share of the population with a job stuck at recession levels and long-term unemployment still very high, it’s too soon for the Federal Reserve to begin raising interest rates — and it’s well past time for lawmakers to restore emergency federal unemployment insurance benefits that expired in December.
Below are some charts to show how the new figures look in historical context. Click here for my full statement with further analysis.