Today, the Labor Department reported that nonfarm payrolls increased by 431,000 in May. It is worth noting that a large majority of last month's gain in payrolls was due to the hiring of temporary workers for the 2010 census. Today's chart provides some perspective on the US job market. Note how the number of jobs steadily increased from 1961 to 2001 (top chart). During the last economic recovery, however, job growth was unable to get back up to its long-term trend (first time since 1961). More recently, nonfarm payrolls have pulled away from its 40-year trend (1961-2001) by a record percentage (bottom chart). In fact, the number of US jobs is currently at level first reached in early 2000.
|Chart of the Day
- 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.
Rate today's Chart of the Day
By voting every day you help us get you the charts you want to see.
Quote of the Day
"The surest way for an executive to kill himself is to refuse to learn how, and when, and to whom to delegate work." - James Cash Penney
Events of the Day
June 05, 2010 - Belmont Stakes
June 14, 2010 - Flag Day - US Open golf tournament begins (ends June 20th)
Mailing List Info
Chart of the Day is FREE to anyone who subscribes.
To ensure email delivery of Chart of the Day, add email@example.com to your whitelist.