Chart of the Day - Number of US jobs at early 2000 level

Chart of the Day

Today, the Labor Department reported that nonfarm payrolls decreased by 263,000 in September. As a result, today's chart provides some perspective on the US job market. Note how the number of jobs has steadily increased (top chart) over the long-term. During the last economic recovery, however, job growth was unable to get back up to trend (first time since 1960). More recently, nonfarm payrolls have pulled away from its 50-year trend by a record percentage (bottom chart). In fact, the number of US jobs is currently at level first seen in early 2000.

Notes:
- Where's the market headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.

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Quote of the Day
"Henry Ford was right. A prosperous economy requires that workers be able to buy the products that they produce. This is as true in a global economy as a national one." - John J. Sweeney

Events of the Day
October 05, 2009 - Supreme Court session begins
October 12, 2009 - Columbus Day (observed)

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