Pundits are making a fuss about the fact that official December job losses increased from November's unbelievable numbers. Monthly job losses still show a longer-term gradual decline. (Source.)
Perhaps looking at ADP's private job loss numbers does a better job of putting the trend in perspective:
The official unemployment rate remained unchanged at 10.0% in December:
The year-over-year percent change in aggregate weekly hours worked shows an upward trend, although it's still below zero:
The year-over-year percent change in initial unemployment claims is below zero and continuing to improve:
So, while the widely-reported official data didn't look so good in December, other data shows the recovery is continuing.
A reminder for conspiracy theorists: The ADP data (i.e. the second graph) does not come from the government.
Minggu, 10 Januari 2010
December 2009 employment data
20.03
No comments
Langganan:
Posting Komentar (Atom)
0 comments:
Posting Komentar