Where is the recovery on Main Street?

If jobs grew at 50,000 per month it would only take 13 years to regain the jobs lost.
Where is the recovery on Main Street?

Jim

Jim,

The job creation histogram, mathematically smoothed to reduce volatility, is beginning to roll over again. This suggests that annual job creation (or destruction) will soon be unable to meet the labor force growth (or contraction) rate. In other words, if jobs are being created, the growth rate will be slower than the labor force expansion. Or, if jobs are being destroyed, they are doing so at a faster rate than the labor force contraction. Either way, it leaves Main Street fighting over a shrinking pool of jobs despite the best efforts of heavily spun, the liquidity driven recovery.

Eric

Job Creation Histogram (JCH): Net Nonfarm Payrolls Added/(Lost) less Civilian Labor Force Added/(Lost), 12 Month Average: