I’m putting together an “economic update” presentation for next week and am including a figure I and just about everyone else I have seen do these things includes. However, it reminded me of how little I see it out on the blogosphere.
It’s total employment in the United States over the last 20 years:
Currently we have fewer people working in America than just before the dot-com bust. Taken all together this has just been a brutal decade on the jobs front.
The 90s were of course unusually good but even in historical perspective the current period is striking. Levels over the last 70 years.
And on a log scale
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Sunday ~ July 17th, 2011 at 6:25 pm
That is a lot of jobs « edthinkers
[...] 17, 2011 | Author: Brian Stanley | Filed under: Economics | Leave a comment » Karl Smith at Modeled Behavior: Currently we have fewer people working in America than just before the dot-com bust. Taken all [...]
Sunday ~ July 17th, 2011 at 10:41 pm
Khal Mojo
The log scale speaks volumes. At no point in those 70 years do we flatline for more than a year or two. Something fundamental has occurred and it can’t simply be the recessions alone.
Monday ~ July 18th, 2011 at 10:10 am
Becky Hargrove
It seems that we have already reached the tipping point, in which the profits of production (through taxes) were once able to pay for the needs of human services – especially those of healthcare. I only hope that healthcare practitioners can step up to the plate and take the lead in making it possible for far more people in society to heal beyond the boundaries of money, so that human skills can be a real part of wealth creation and balance in economic life.
Monday ~ July 18th, 2011 at 7:00 pm
A Lost Decade in Jobs: "Currently we have fewer people working in America than just before the dot-com bust." « Economics Info
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