Chart of the Week: Nonfarm Payrolls (% change from recession end)

Today’s Jobless claims numbers were encouraging, as was last week’s Employment Situation report. This gives hope that employment, the stubbornly weakest aspect of the recovery, may finally be improving.

Nonfarm Payrolls (% change from recession end)
Nonfarm Payrolls.gif
Source: Chart of the Day

As the chart above shows, job creation in the present recovery continues to lag similar periods in other post-recessionary cycles. Note the scope and duration divergence from the previous recoveries in the 90s, and in 2nd half 20th century.

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