Friday, March 9, 2012

Employment Update: February 2012

The February employment data released by the Bureau of Labor Statistics this morning (link) might be labeled “business as usual.” I showed an employment gain of 243,000 for January. That number was modified upward to 304,000. The results for February fell short of that: 227,000 jobs gained this month. Better a gain than a loss, but the rhythm is still very slow.

We lost 8.7 million jobs in 2009 and 2010. Since then we’ve recovered 3.4 million, or 39 percent. Still a long ways to go. Herewith the updated chart:

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