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January 4, 2013

The Scariest Jobs Chart, Ever


Via Business Insider:

This morning we learned that the U.S. economy added 155k jobs in December and the unemployment rate ticked up in 7.8 percent.

Although the numbers were in line with economists' expectations, they still reflect a job market that remains incredibly weak almost four years into the economic recovery.

Calculated Risk runs a chart every month putting the current jobs recovery into perspective.

"This shows the depth of the recent employment recession - worse than any other post-war recession - and the relatively slow recovery due to the lingering effects of the housing bust and financial crisis," writes Bill McBride of Calculated Risk

(Click on image to enlarge).


Bottom line ... this was just another sluggish growth employment report, but supposedly, if Washington can get its act together (and that's a very big 'if'), things are looking up for the economy.

Meanwhile, our national debt has us racing towards Greece at the rate of over $4 billion a day ... and Obama wants to increase the spending while completely ignoring trillions and trillions of dollars, and growing, in unfunded federal liabilities.

Posted by Hyscience at January 4, 2013 12:00 PM

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