Chart of the Week: Private Sector Job Creation (2001 Recession/Recovery)

April 4, 2005 3:00pm by

Private sector job creation in the 2001 recession recovery
is the worst on record in the post WWII period:

Private Sector Job Creation (2001 Recession/Recovery)
Click for larger graphic

4_years_after_recession_private_sector

Source: EPInet

To merely keep up with Population growth, the economy
requires ~150k new positions created per month. That is not happening now on an
ongoing basis. If this expansion – modest though it may be – is going to
continue, a string of job creation in the 150k plus for several continuous
months is required.

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Quote of the Day:

"I know the price of success: dedication, hard work and an
unremitting devotion to the things you want to see happen."

–Frank Lloyd Wright

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What's been said:

Discussions found on the web:
  1. JWC commented on Apr 4

    Thanks for the picture. As always, a picture is worth a thousand words….

    Sucky.

  2. Fester’s Place commented on Apr 9

    Projections and Oil Rationale

    The Bush administration has proven that it easily and often gets policy outcome projections horrendously wrong on a consistent basis even when the opposition is not trying to actively shoot at US troops and blow the needed assets up.

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