Saturday, April 2, 2011

Spikes and Dips in Both U.S. and California Jobs Data

Gregor Macdonald submits:

Total US employment has been oscillating around the 139 million level for the past year until recently, when some job growth started to appear in December and January. According to Friday?s report from BLS.gov, the first month of 2011 saw total employment rise to 139.864 million persons. A figure that regains levels last seen in late 2004. Of course, the structural problem of America?s labor market is unchanged, because of population growth during that same time period. At current rates of ?jobs growth? it would take until 2016 to regain the employment highs of 2006-2007. | see: United States Employment in Millions (seasonally adjusted) 2001-2011.

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In contrast to the recent spike up in US total employment, the State of California has just made a new lower low in total employment, post the onset of the 2008 crisis. March saw the Employment Development Department produce its five year


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