An interesting chart.
And then you look at the net zero job growth for August in the US (the first time this has happened since WW II).
"Though much attention is being paid to ‘zero job growth’ in August, the real news in today’s numbers is that job growth is worse than in recent months, and the nation continues to produce far fewer jobs than needed to meaningfully reduce the unemployment rate," Heidi Shierholz, economist at the Economic Policy Institute in Washington, D.C., said in a statement. "In fact, in some ways the report was less than zero in that weekly hours fell, as did hourly earnings."
Now the White House is backtracking on the unemployment numbers that its stimulus bills were/are supposed to bring down.
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