Today’s jobs report shows a labor market that is still not generating enough jobs to lower the unemployment rate. Creating fewer than 100,000 more private sector jobs a month, the job market is barely treading water. The economy would have to create over 300,000 jobs a month for two years just to restore employment to where it was at the start of the recession, and more than that to restore full employment with a growing population.
Below are some charts to show how the new figures look in historical context. See our statement for analysis.