Today’s jobs report shows a labor market that continues to limp along rather than provide the healthy job growth needed to put people back to work. This situation screams out for extending the federal emergency unemployment insurance (UI) programs scheduled to expire at the end of this year, and for lawmakers and the Federal Reserve to consider further measures to boost the flagging economic recovery.
Below 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.