[mEDITate-OR:
learn what the NYTimes point out to U.S. that is true...
whether you like it or not.
There are three charts that you DO need to see...
The first is similar to Jim's CR chart. But, we still need to see it.
The second shows U.S. the massive changes in part time employment. Both going into the current recession and now as we are working (pun?) our way out of it.
What the third article point out is that not only did "jobs" increase and temps...
but that both hours worked AND pay did as well.
That is very good news.
The third chart shows U.S. the standard "unemployment" graph.
however, what it does NOT show is the true level, nor the inverse - employment.
As others today have pointed out, the fact that there were jobs added...
was offset by the increase in those returning TO the labor market hoping to find a job..., any job.
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Comparing This Recession to Previous Ones: Job Changes
Source: Bureau of Labor StatisticsHorizontal axis shows months. Vertical axis shows the ratio of that month’s nonfarm payrolls to the nonfarm payrolls at the start of recession. Note: Because employment is a lagging indicator, the dates for these employment trends are not exactly synchronized with National Bureau of Economic Research’s official business cycle dates.-----------
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Wages and Hours Are Up
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A Misleading Jobless Rate
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Economy Gains Impetus as U.S. Adds 290,000 Jobs
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