Below is an update of the graph showing job losses from the start of the employment recession, in percentage terms, with a projection assuming the current rate of payroll growth will continue.
This suggests that employment will exceed the pre-recession peak around July 2014 (Private employment will reach a new high around March of 2014).
This doesn’t include adjusting for population growth – but this will still be a major milestone.
This graph shows the job losses from the start of the employment recession, in percentage terms, compared to previous post WWII recessions. The dotted line is a projection based on recent payroll increases.
It looks like employment will reach a new high in mid-2014, about 78 months after the previous high.
Chosen excerpts by Job Market Monitor
via Calculated Risk: When will payroll employment exceed the pre-recession peak?.
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