Tuesday, January 14, 2014

1,687,000 Fewer Americans Have Jobs Today Than 6 Years Ago



But hey, there's a way more important Chris Christie "Bridgegate" scandal to talk about:
Although the number of people who had jobs in the United States increased by 143,000 from November to December, according to the Bureau of Labor Statistics, that still left 1,687,000 fewer Americans holding jobs than held jobs six years ago in December 2007—the month the last recession began. 
In November, 144,443,000 Americans were employed, said BLS. In December, 144,586,000 held jobs—representing a one-month increase of 143,000. 
However, the 144,586,000 Americans who had jobs in December 2013 was still 1,687,000 less than the 146,273,000 who held jobs six years ago in December 2007. 
In fact, the 144,586,000 Americans who had jobs this December was still 1,384,000 less than the 145,970,000 who held jobs seven years ago in December 2006. 
As far back as August 2006, more Americans had jobs (144,625,000) than this December. 
According to the National Bureau of Economic Research, the last recession began in December 2007 and ended in June 2009.  By June 2009, the number Americans employed had dropped to 140,009,000 Americans who held jobs. That was 6,369,000 below the peak employment of 146,378,000 the nation hit in January 2008.
RELATED: That Bernstein-Romer jobs chart: A final appraisal

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