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Recent Jobs Report in Pictures

Recent Jobs Report in Pictures
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Written by Chad Stone, the Chief Economist for the Center on Budget and Policy Priorities.

This month’s very disappointing employment report shows that two years after the technical end of the recession and after 16 straight months of private-sector job creation, the jobs deficit remains huge.  The depth of the job losses from the recession is unprecedented since the Great Depression, and the length of time it will take just to get out of the jobs hole — much less to restore full employment — will dwarf that of the sluggish jobs recovery from the 2001 recession.

Here are some charts to show how the new figures look in historical context. Here is our statement with further analysis.

See our chart book for more charts.

 

Next page: Payroll employment growth has slowed sharply

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Photo from Marxchivist via flickr.

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22 comments

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11:54AM PDT on Jul 15, 2011

Corpserate America is sitting on over a trillion in cash, so after almost 12 years of tax breaks for the rich where are the jobs. Repubathugs and their monkeynomics don't have the common sense God gave a rock. Give us the money and see what happens....

2:34PM PDT on Jul 14, 2011

What jobs? 54, great work ethic, degree in Computer Programming, lost job due to downsizing because of economy and it was cheaper to send part of job to Romania, decades of experience in accounting. But can't lift 50 pounds, stand for long periods of time, or speak Spanish. Can't even get an interview...

1:37PM PDT on Jul 14, 2011

The rich haven't really made a difference in the job market. i thought big business got the tax breaks to create jobs....Does anyone see the new influx of jobs??

1:27PM PDT on Jul 14, 2011

Wm. G, are you a blitherin' idiot? Never mind, I know the answer.

11:42AM PDT on Jul 14, 2011

This is very discouraging to read, to say the least. It's not pretty out there and most people have run out of options entirely. The worst part is many economists and political pundits say this will drag on for quite a while to come.

Well stated Yvette S., It's all very true. The GOP has taken to becoming obstructionists and a roadblock to any type of meaningful progress. They always have been that way, but now moreso than ever because Obama is in office and they also have the constant buzzing of mosquitos in their ears, the mosquitos being the tea-party.

10:32AM PDT on Jul 14, 2011

A recession was caused by Bush
A depression was caused by Bush
An attempt to recover was caused by Obama
An attempt to stabilize the recession was caused by Obama
An attempt to ward off the depression was Obama
Thwarting these attempts has been the GOP
Thwarting raising taxes on the wealthiest in this country has been the GOP

If you want to see how they would run the country check out all the states with Republican governors.

10:19AM PDT on Jul 14, 2011

This chart shows the amount of damage George Bush's tax cuts had on our economy and jobs. Facts mean very little to the republicans, but the people know the truth. Tax cuts and less refulations do not create jobs!!!!

9:27AM PDT on Jul 14, 2011

How true William,hope there is light at the end of the tunnel for all of us

9:11AM PDT on Jul 14, 2011

I'm sorry for restating the obvious but:

A recession is when your neighbor loses his job.
A depression is when you lose yours,
A recovery is when Barack Obama loses his!

Lets us vote for a recovery next election.

8:23AM PDT on Jul 14, 2011

Jeffrey W

,,,and how's that trickle down economy working for YOU? Wealthy people have had the lowest tax rates in decades for the last 8 years. How come we LOST jobs during that very same period? The only thing these lower tax rates accomplished was to make the rich a LOT richer, while the rest of us stagnated.

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Lindsay Spangler Lindsay Spangler is a Web Editor and Producer for Care2 Causes. A recent UCLA graduate, she lives in... more
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