Nums: The jobs report in 4 charts

The bruhaha re: the ObamaCare systems implosion overshadowed the belated September jobs report.

To get you up to date …

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Nonfarm employment increased by 148,000 in September … analysts were expecting 180,000 … which is about the average for the past 12 months.

 

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Importantly, jobs are being added disproportionately in services (think hotels & fast-food places) … not in manufacturing.

 

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And, there’s more to the story …

 

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Jobs growth is barely keeping keeping pace with working-age population growth … so the ratio of employment to population has been flat … after falling almost 5 percentage points from pre-financial crisis levels.

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And, labor force participation rates continue to fall … especially among women.

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One Response to “Nums: The jobs report in 4 charts”

  1. chasqui Says:

    Appears that quite a few women have decided that being a mother and taking care of home is worth more than commuting to a crappy job that barely pays enough to cover childcare.

    There’s a lot of noise on the data, including a long term decline in manufacturing that accelerated due China being a low cost/low regulation locale.

    I know you’d like to paint Obama as the culprit, but the Titanic has been sailing among icebergs for quite a while now. Nevertheless, the US has fared better than most.

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