Bikini graph of jobs goes thoroughbred

[one...two...tree 2,762]

Unemployment is quite stubbornly stuck at 9.6 percent, in the latest report from the Bureau of Labor Statistics. Anyone who wants to say this is a really, really bad recession is right. Beyond that, the exact scenario is harder to figure. That's because layoffs from the U.S. Census, along with local governments cutting back, are skewing the picture. We're losing more jobs in government than we gaining in the private sector, and that's part of what's keeping unemployment where it is.

Now Steve Benen of the Washington Monthly has updated his famous bikini graph to show just the monthly gain or loss in private jobs. Our EP Bill Wolff suggest we rename it the thoroughbred graph -- like this.

With the economy still adding nowhere near enough of private-sector jobs to keep up, let alone make up for what we lost, and with so-called shadow unemployment at 17.1 percent, we're maybe not racing for greener pastures yet. But it sure feels better than it used to.

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[JohnSmith2007 353]

Interesting graph. One year after the dems took over congress we started losing jobs. Even though the hemorrhaging has slowed down they still haven't found a way to help the situation. They created a huge mess that is still with us. It is going to make the elections really tough for the dems next month.

Edited October 9, 2010 by JohnSmith2007

[Ban Hammer 13,770]

thoroughbred hell, that's not galloping away, more like a snail's pace.