Take a look at today's employment numbers from the Bureau of Labor Statistics:
http://stats.bls.gov/news.release/empsit.b.htm
The top line informs us that the economy lost 36,000 jobs in February. We continue to hope for job gains, but this is much better news than February of last year when the economy shed 726,000 jobs.
The chart below shows that we’ll be in positive territory before long if the present trend continues.
Job Growth
(Click on chart to enlarge.)
Recessions shaded
The table reveals other bits of good news. The sixth row continues to show that manufacturing has stopped losing jobs. The service sector (tenth line) has also added jobs for two months in a row. Temporary help (17th row) has had a dramatic turnaround, improving by 47,000 jobs. This is a strong gain and may indicate that full-time employment growth will soon occur.
Let's hope so.
(The chart was taken from http://www.beyourowneconomist.com. [Click on Seminars and then Charts.] Go there for additional charts on the economy and a list of economic indicators.)
© 2010 Michael B. Lehmann
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