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Job Growth: Turning the Corner? |
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| Click image below to enlarge. |
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| Source: BLS data and spreadsheet. |
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Interpreting those Monthly Job Numbers
When the monthly numbers for jobs are released, any positive number is often taken as a gain even if it is sometimes disappointingly short of the anticipated value. In reality, any number less than 156,250 net new jobs is really a loss. With any lower number, the economy is is worse shape than the previous month, and that hurdle is conservative.
During the 20 years before Bush took office the economy averaged 172,600 net new jobs per month and the economy was smaller then. The 156,300-new-jobs standard comes from the 2005 Economic Report of the President and is the average of the predicted job growth over Bush’s second term. That growth rate will not put us back only our old track, but it will keep us from getting much further behind. See dismal predictions.
See XLS spreadsheet for data and graph.
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http://zfacts.com/p/738.html | 01/18/12 07:25 GMT
Modified: Mon, 17 Apr 2006 18:32:57 GMT
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