Wednesday, July 17, 2013

CHART OF THE DAY: THE SCARIEST JOBS CHART EVER

Sam Ro | Jun. 7, 2013, 9:10 AM | 9,903 |

This morning we learned that the U.S. economy added 175,000 jobs in May.  And the unemployment rate ticked up to 7.6 percent.

Overall, the jobs report was better than expected.

However, it continues to reflect a labor market that remains incredibly weak almost four years into the economic recovery.

Calculated Risk runs a chart every month that puts the current jobs recovery into perspective.

"This shows the depth of the recent employment recession — worse than any other post-war recession — and the relatively slow recovery due to the lingering effects of the housing bust and financial crisis," writes Bill McBride of Calculated Risk.

jobs chartBusiness Insider

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