Non-Farm Payrolls Decrease 3rd Month in a Row

Job losses much worse than the average recession in third consecutive monthly decline.

Today, the Labor Department reported that nonfarm payrolls (jobs) decreased by 54,000 in August — the third consecutive decline. Today’s chart puts the latest data into perspective by comparing job losses following the beginning of the current economic recession (solid red line) to that of the last recession (dashed gold line) and the average recession from 1950-1999 (dashed blue line). As today’s chart illustrates, the current job market has suffered losses that are more than triple as much as what occurs at the lows of the average recession/job loss cycle. Also, today’s decline in jobs provides further evidence that the current ‘economic recovery’ remains sluggish at best.


Chart courtesy of Chart of the Day

Today’s Headlines

Worldwide Unemployment Rates

On Friday August 11th the OECD published the Unemployment rates of its member countries. They call it the "Harmonised Unemployment Rate" meaning that they may … [Read More...]

1 Million Fewer Jobs but BLS Says 209 K More

U-3 Unemployment The U.S. Bureau of Labor Statistics (BLS) released their employment and unemployment numbers for July on Friday August 4th.  The Seasonally … [Read More...]

Comparing Bureau of Labor Statistics Unemployment Numbers to an Independent Source

NOTE: Gallup has STOPPED publishing their Unemployment Numbers effective in July 2017. This includes U-3, Underemployment (U-6), and Good Jobs Index (Payroll to … [Read More...]

Unemployment Rates by State

What Causes a State to Have a Lower Unemployment Rate? Nationwide according to the U.S. Bureau of Labor Statistics the Seasonally Adjusted Unemployment rate is … [Read More...]

Unemployment News

BLS Monthly Employment Report for April

The US economy added 160,000 "seasonally adjusted" jobs in April, the lowest figure in the last seven months. The adjusted U-3 unemployment rate remained steady at 5%. The Unadjusted U-3 fell to 4.7% while the … [Read More...]

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