US Payroll Survey: 4,000 Net Jobs *Added* in November!

[cieldumort]

Long Post: The Good The Bad & The Ugly

Now the bad news: The Payroll Survey suggests December took far more back than were added in November, with a net loss during the month of 85,000. But much, much worse, the Household Survey suggests that outright massive losses are still ongoing, with a net job loss in December of an astounding five hundred-

Comments

[mariacotto]

The Lounsbury article is mind boggling. Facts to keep in mind when promises of job creation get imaginative.

[cieldumort]

A large part of why I keep saying that, while technically, the last recession is over, this Depression is not.

[kayjayuu]

This past decade has been so brutal to employment in the US, and the most recent recession so punishing, and this "recovery" so unabashedly lopsided,

I'm curious as to why you say the entire decade was bad for employment? Until 2007 the numbers were on an upward curve (minus the earlier recession). I didn't follow these recessions by the numbers until recently, so anything you can explain in more detail (or link me to) would be helpful. Thanks!

[cieldumort]

Here