Daily Archives: April 4, 2011

Another Employment Measure

Last week, the Federal Government announced the Unemployment Rate of 8.8% for March with 216,000 new jobs.  My question is always related to how many people quit looking for a job or fell off the Unemployment roles.  We all know that the true Unemployment Rate is much higher in the 15-17% range.

This month, my curiosity about the real picture of Employment focused on the number of employed.  I planned to visit the Bureau Of Labor Statistics site to gather the information, but lo-and-behold, the folks at had already built the chart:

US Employment in Millions (h/t

Below is the same Bureau Of Labor Statistics data with Percentage Change in Employment (YoY):

A few dates are highlighted above:

  • January 2007 – Democrats took over the Congress
  • October 2008 – TARP signed into law
  • January 2009 – Obama was inaugurated

You can glean what you want from this data — certainly the recent increase in the number of employed — but the Year-Over-Year (YoY) increase in employment during the Bush years really stands out!


Posted by on April 4, 2011 in Economy, Free Market, Unemployment


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