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Friday, December 06, 2013

What Is Wrong With America's Employment Picture?

http://viableopposition.blogspot.ca/2013/12/what-is-wrong-with-americas-employment.html

We seem to be getting conflicting messages about the trends in America's job market.  While unemployment levels are down, albeit still not to levels that are anything close to normal inter-recessional levels, and job creation is up, something still doesn't feel quite right.  A brief summary by Gary Burtless at the Brookings Institute may give us a bit of a hint about what is wrong.  Please note that the data quoted on this posting comes from the Bureau of Labor Statistics Household Survey.  

As I like to do, let's open by looking at a graph from FRED that may help us understand where the problem lies:

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