Henrik Zeberg on US job growth

    por Gigliola: United States

    Henrik Zeberg says the job numbers don't match the population. About 30 million more people live in the US than in 2007, and hiring has gone the other way. His figures put job growth under where it stood when the 2001 and 2008 recessions began. Anyone out there calling this economy strong should sit with that

    Transcrição (en)

    And now you can take a look at where we are today with the 12-month moving average. I can tell you where we are. We are at 50,000 jobs per month if we even include the 162,000 we heard here last two weeks ago, which is a bullshit number, by the way. We don't want to get into that now. But we are around, let's say, 50 just. In 2007, and then by the way, we're coming down. The trend is down very steep on the 12-month moving average. In 2007, we were also on a steep decline. And it's been declining since Burris that now the economy is weakening. in 2006, and you could see we were down to 105,000 around the time when we entered the recession. 105,000 at the moment we entered the recession. And we were in 2001, we were at 130,000 jobs on the monthly 12-month moving average on the non-farm payrolls, 130,000 compared to 50,000 today. And today, the economy is like 30 million people more than back then. Why is an economy that is 30 million people bigger, larger, creating fewer jobs? Why is it creating fewer jobs than it did in 2008? Sorry, 7 and 8, going into the recession and into the 2001. If you enjoyed this, be sure to hit that like button and follow to stay up to date with what's going on in the world and everything else memes and markets. Peace.