10 Must-See Charts On The labour Situation In America


Tomorrow is kind of like a holiday around here: It’s jobs report day.

Obviously, nobody is very hopeful that we’ll get any good data. The official estimate is for a gain of 55K new jobs, with the unemployment rate staying at 9.1%.

To prepare you for the big event though, we’ve rounded up the most important charts describing the state of labour in America right now.

The depressing job creation number: Shockingly, it fell to exactly 0 last month.

Even worse, perhaps, average hourly wages actually went negative, something very rare historically.

Meanwhile, the duration of unemployment surges without any abatement.

The real job killer: Check out the collapse in local government employment.

Manufacturing had been rebounding nicely, but has now faltered.

Construction has been a huge laggard, but is showing signs of life.

The decline of government employment has caused a surge in African American unemployment

Some good news: Initial claims remain subdued, though still too high.

Meanwhile, yesterday's ADP report augurs decent private job creation.

While according to Calculated Risk, the ISM services number suggests just 27K private sector jobs

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