Reader Tim Wallace provides another excellent set of graphs on employment as shown below.
click on any chart for sharper image
- Full time employment is actually now 5.17 million below the 2007 level.
- Total employment is 2.2 million below the 2007 level in spite of 13 million more people of working age.
Wallace writes: “The past five years are near or above the previous all time high set back in 1982. These five years are all in that abysmal range. No other year comes close. I expect things will get worse as the year continues.“
Mike “Mish” Shedlock