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No Jobs

By Joseph Lawler on 9.2.11 @ 10:07AM

This morning's BLS jobs report is terrible news: the economy produced zero new jobs last month.

The private sector actually added 17,000 jobs, but the loss of 17,000 government jobs wiped that tiny gain out.

Via David Indiviglio, here's the chart showing job growth by the private and public sectors over the past two years:

And from Calculated Risk, here is the "recovery" relative to past recoveries:

The important thing to remember is that the economy has to add about 90,000-150,000 jobs per month simply to keep up with population growth.

View all comments (9) | Leave a comment

Ken (Old Texican)| 9.2.11 @ 10:58AM

Mr. Lawler,
your graphs made my head wobble.... and I'm a very bright guy.

Good fulfilling job prospects suck with communists, (pardon the shorthand), running our lives.
It really is that simple.

Do you have any idea how many quality jobs could literally be created over night if modular nuke plants were being built on a crash basis?... a million jobs.
How about if we drill our fossil resources responsibly? TWO million jobs.
IE:
end of recession.
Would you writers get your heads out?

Occam's Tool| 9.2.11 @ 1:32PM

Cut Taxes, Remove Obamacare, Say nice things to investors and risk takers, Cut Spending, Kill Jihadists---that is all a President needs to do. He does that, he's doing much better than the last 4 Presidents.

glenny44| 9.2.11 @ 11:58AM

Memo to the DC Repubs/Conservatives:
Repeat, repeat, repeat!
"Obama economy"
"Worst economy in last 100 years"
"Obama's fault"
"Obama is in over his head"
"Obama economy"
"Obama economy"
"Obama economy"
"Obama economy"

GLENNY

Pecos Pete| 9.2.11 @ 12:10PM

Glenny: No one can make the point better.

glenny44| 9.3.11 @ 10:47AM

Thanks, Pete. Obama is reeling from the hits he's taking.
Let's make sure he STAYS DOWN !
GLENNY

JFGalt| 9.2.11 @ 12:55PM

I would have like to see that without the CES Birth-Death model left out with its phony statistical creations.

jgo| 9.2.11 @ 5:27PM

More graphs of USA's dysfunctional job markets:
http://www.kermitrose.com/jgoEconData.html

http://www.marketwatch.com/sto.....2011-09-02

martin j smith| 9.3.11 @ 7:51AM

The Mainstream Republican Leadership should be out there developing a concrete jobs plan that includes cost cutting and growth. I believe this plan should focus mainly on SMALL BUSINESS because that is what the average voter is. As a consumer or an a potential employer. The goal; HIRE MORE PEOPLE. CREATE MORE JOBS.

yisong| 10.27.11 @ 9:46PM

compact in design,and light in weight.The balls contact with the circular race at four points,via which the axial force,radial force and resultant moment may be born simultaneously. http://www.1stbearing.com