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US / When will the Jobs Gap be filled ?

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.

Capture d’écran 2013-05-14 à 09.51.49

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

Calculated Risk

via Calculated Risk: When will payroll employment exceed the pre-recession peak?.

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