Saturday, January 09, 2010

Chart of the Week: The Decade of No More Jobs



December figures show 85,000 fewer jobs in the US non-farm economy.  What is even more noteworthy is the first decade of the new millennium had fewer jobs created than any previous decade going back to World War II.  Growth in the number of jobs per decade has been from 20 to 38%, whereas the decade just concluded shows essentially no growth despite a 10% increase in population and significant increase in wealth among the top American socio-econmic strata.