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Is This the ‘Scariest Jobs Chart Ever’?

Jan. 4, 2013 3:03pm Guest Post

The following is a crosspost by Sam Ro that originally appeared on Business Insider under the title “CHART OF THE DAY: THE SCARIEST JOBS CHART EVER.”

–

It’s jobs day in America.

This morning we learned that the U.S. economy added 155k jobs in December and the unemployment rate ticked up in 7.8 percent.

Although the numbers were in line with economists’ expectations, they still reflect a job market that remains incredibly weak almost four years into the economic recovery.

Calculated Risk runs a chart every month putting the current jobs recovery into perspective.

“This shows the depth of the recent employment recession – worse than any other post-war recession – and the relatively slow recovery due to the lingering effects of the housing bust and financial crisis,” writes Bill McBride of Calculated Risk.

Calculated Risk Jobs Chart Called the Scariest Ever Showing Slow Recovery

Source: Calculatedrisk.com

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Comments (97)

beninferno
Posted on January 5, 2013 at 1:22pm
There will always be an upward trend from a massive decline, it is inevitable. After the initial crash, the markets began to correct themselves, people will find work somehow. The rate of recovery is largely dependent upon the types of people who lost her jobs initially. In our most recent declining we had individuals who were not educated with degrees; we had a workforce that needed to make a difficult transition to acquire new jobs for employment. This mostly relates to construction, and or other businesses that supported construction that had low level blue-collar workers. No matter how much we could criticize the Obama administration, what we really should fear is the future effects of his policies years down the road.

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- dmerwin
  Posted on January 5, 2013 at 3:31pm
  Here is the correct way to figure the unemployment rate. Take the entire population that is 18-65, deduct those who are cognitively able to work, deduct paraplegics (my apologies, I know many of you work), deduct those with net worth of over $2 million dollars (just a convenient figure as they COULD be retired, deduct all those going to vocational school or college full time. The remainder is the TRUE number of unemployed. Do not give people the option of “stopped looking for work”. If you do not work 40 hours a week and receive government assistance, you should do the remainder of the 40 hours in community service to pay for your “benefits”.
  
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- dmerwin
  Posted on January 5, 2013 at 3:50pm
  Sorry, should say “cognitively unable”.
  
  Report this comment
- muffythetuffy
  Posted on January 5, 2013 at 9:41pm
  THIS FURTHER PROVES DEMOCRATS ARE DELIBERATELY DESTROYING OUR NATION
  
  It may already be too late to ever recover. Soon the entire nation will be boarded up. Only secession will allow part of the nation to be salvaged, its a matter of self defense.
  
  Report this comment
- muffythetuffy
  Posted on January 5, 2013 at 9:44pm
  In every other recession the President was attempting to fix things. Not this time, our President is deliberately acting to destroy our economy.
  
  Report this comment
- bdsconserv
  Posted on January 6, 2013 at 4:56pm
  wait till the numbers come in after all the temps hired for christmas are laid off.
  
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tajloc
Posted on January 5, 2013 at 10:22am
Nixon in 2016

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jessieH
Posted on January 5, 2013 at 10:04am
Not even the big eared muslim from Kenya could fix this.

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pahrumper
Posted on January 5, 2013 at 8:05am
Ask your favoriteeee Loon to explain this to you!!!

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Wat Tyler
Posted on January 5, 2013 at 12:26am
My job is scary, too.

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RUDunyet
Posted on January 4, 2013 at 11:53pm
Want to see something really scary? Plot the Dow-Jones Industrial average against the Gold chart. You may see some interesting figures. Also you may want to read Bernanke’s speech from 2002 (I think it was in August). It is a bit tedious and loaded with arcane references to high level finance, but the scary part is it lays out why Quantitative Easing and the reaction of the market. Quite interesting if you are able to discern the true “State of the Union”.

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- thomasJefferson27
  Posted on January 5, 2013 at 2:21pm
  If you’ve done that…. I’d really love to hear your view.
  
  Is the stock market simply a repository for assets now that the dollar is being destroyed?
  
  Are gold prices a reflection of our destroyed currency with inflation coupled in as well
  
  Report this comment
- Silvertruth
  Posted on January 5, 2013 at 4:15pm
  The stock market is barely even a reference to any sort of economic health. It is supposed to be the confidence people have in a given company to produce profits, dividends and growth. The large hedge funds and pick farms (Dow Jones, S&P, etc.) are impacting this by operating in their own sense as a communal raising and lowering point. That’s a small impact but it is present.
  
  That simplistic definition in mind, it has no relation to the country as a whole or even business as a whole since publicly traded businesses (those in stock markets: NYSE, etc.) are not the majority of businesses in the country, the majority are small, privately owned companies.
  
  Trying to guage economic health from the NYSE is like trying to determine physical health from seeing if someone is breathing by fogging a mirror, it only tells you if you’re alive.
  
  So much drives the Gold market, a lot of it is emotional, that comparing the stock results against gold has no value other than to measure emotional reflections of the two indicators. There’s no logical result you can take away from it.
  
  There is no simple metric to indicate the health of the country. It’s all perceptual. That being the case, then what you see in the country is what the country is to you. Right now, most see bad stuff. So, it’s bad. If most were employed, not being taxed to death and having fun, I doubt that would be the view of the country.
  
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Really2012
Posted on January 4, 2013 at 7:12pm
Blame it on Bush

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- Proverbs17-12NLT
  Posted on January 4, 2013 at 11:40pm
  It’s the obomba economy now
  
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Netsurfer2
Posted on January 4, 2013 at 6:46pm
As long as there is no fair tax system, there will be no honesty to begin with! I think everyone needs to pay the same on every dollar that they make and they should do away with tax brackets all together! Cut all loopholes and any kind of favoritism! What ever happened to honest people?

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- Machtyn
  Posted on January 4, 2013 at 10:27pm
  We’re talking about politicians. There aren’t any honest career politicians… and most of them are career politicians.
  
  Also, if we had honest people in America, Mitt Romney would be president.
  
  Report this comment
- Distress
  Posted on January 5, 2013 at 12:13am
  I have to disagree, if we had honest people in America this never would’ve escalated to the point of Romney even being a candidate.
  
  Report this comment
- SGT Rock
  Posted on January 5, 2013 at 2:41am
  The poor must pay taxes too to truly be fair. ” Then they would have skin in the game” to steal the Presidents vernacular.
  
  Report this comment
- Rocketdan
  Posted on January 5, 2013 at 8:06pm
  Many say we are approaching Europeam tax levels. Actually, our system is much more Progressive (unfair) than ant in the EU. Places like Spain and Italy have top state/federal rates of around 53%, which is close to the new US rates in states like CA. (France of course tried 75% but their courts have stopped that.) However, the bottom rate – for those making as little as $2 – is 23%. That does make everyone stop and think before advocating new expenses. The idea of having negative taxes as we do (millions get checks from the IRS who pay no taxes at all, including those using ITINs, mostly illegal aliens) doesn’t exist. As a start, it seems we could get Congress to stop this ludicrous, corruption ridden practice.
  
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Beachmastermax
Posted on January 4, 2013 at 6:16pm
Think it is bad now? Around the corner is Wiemar inflation. Those government checks won’t be worth the paper they are written on.

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- BecksADweeb
  Posted on January 5, 2013 at 9:16am
  too stupid for words.
  
  Report this comment
Netsurfer2
Posted on January 4, 2013 at 4:12pm
Not to mention that now the new idea is to make more people file for disabilities, even if they don’t really have one! I am sickened by how much people live off the government without contributing towards society and now it’s getting harder by the minute to even get employment!

Growing up I was taught that the only way out of poverty is by education and that they will do anything not to allow you to have a good educational foundation!

There is a storm on the horizon and it’s not going to be funny, though many voted for it! It’s just a matter of time when the people rise in the streets and go at each others throats! Gratuity always comes at a cost! There is no free lunch and they want us to work for less while the prices of everything keeps going up (including food)! Things are getting worse and as long as the deficit continues to rise things won’t ever get any better! I’m sure BO purposefully knows that!

I expect many rich to literally leave the country (abandon ship), while others suffer even more!
It’s not going to get any better!

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- OUTLAW_WEALTH
  Posted on January 4, 2013 at 5:23pm
  Prices are not going up, the value of the dollar is going down, and taxes are going up. This sleight of hand trick is brought to you by the central bankers and their socialist/collectivist government. The only remedy is to get off the Federal Reserve note and onto an honest money system.
  
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- Netsurfer2
  Posted on January 4, 2013 at 6:41pm
  OK, then you pay more dollars for what ever item you get in life if the value of the dollar is going down! You in turn work more man hours for that dollar! Inflation sets in regardless!
  
  Report this comment
- ryukidn
  Posted on January 4, 2013 at 10:56pm
  Outlaw, you are exactly correct … the weakness in the dollar is sleight of hand. Good old George Soros is infamous for maximizing his own benefit by collapsing countries’ currencies. Too many people don’t understand what is actually happening … I believe Soros calls it “managed decline”.
  
  Report this comment
- Conservative2
  Posted on January 5, 2013 at 12:11am
  It’s cold! It’s calculated! It’s Intentional! It’s Obama!
  
  Report this comment
- jowettusmc
  Posted on January 5, 2013 at 3:56pm
  Netsurfer2 — My feelings exactly which is why the smarter citizens are getting prepared now so we don’t have to suffer the high prices coming. A 50′ x 100′ garden should yield a year’s worth of food for your family. Supplement that with game and it’s doable. We had 2 weeks (in a row) worth of suppers this past fall from food strictly from our garden and local game including lettuce for salads. It’s doable.
  
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DIgnified
Posted on January 4, 2013 at 4:00pm
This week on lets scare the republicans with things they wont look into. So, scary? No. Expected? Yes. With a half a functioning government, the recovery is going to take twice as long.

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- GhostOfJefferson
  Posted on January 4, 2013 at 4:38pm
  I think it’s funny that you haven’t managed to “look into” the thread. Rothbardian has actually discredited the chart, right from the get go.
  
  The government isn’t “half functioning”. Sorry. It’s marginally functioning at all, and what little is working, is not because of your boys.
  
  Report this comment
- Chuck Stein
  Posted on January 4, 2013 at 4:39pm
  You overlook that is “the government” that is causing the poor recovery (so poor that the term “recovery” seems to have been re-defined). Simple game theory: you get more of what you subsidize and less of what you penalize (either though taxes or regulations). Given what Obama & Co. have been subsidizing and penalizing, you are very correct in stating that this sad state of America’s economy is “expected.”
  
  Report this comment
- OUTLAW_WEALTH
  Posted on January 4, 2013 at 5:25pm
  We know the intentional dumbing down of American has left them emotionally attached to their idiotic economics.
  
  When we rebuild America it will be done with free market principles – like the Austrians and the Adam Smiths and the Hayeks and the Rothbards have outlined. It can’t be done with collectivist economics.
  
  Report this comment
- Silvertruth
  Posted on January 4, 2013 at 6:14pm
  “Discredited” is a bit strong Ghost… He pointed out that it can’t be used the way some are trying to use it as it doesn’t take into account additional factors that go into that. However, those factors are generally shown in the recovery lengths after 1980.
  
  What the chart does show is that due to an amazing amount of factors (you could argue that most are self-inflicted) this ‘recovery’ is taking so long as to be stupid. Had we elected a sock puppet as President, (essentially signing no new laws, no new bills, no new spending and since we haven’t had a budget for years I won’t add that into the mix) the economy should’ve repaired itself by now all on it’s own.
  
  What, to me anyway, this is clearly demonstrating is that regulation (of whatever flavor of ideological kool-aid you prefer to drink, red or blue) doesn’t work when based on ideology and not ethical or moral standards of behavior. Nearly every single ‘bubble’ and ‘problem’ we’ve had in business stems from gaming a system designed to be gamed. We need a system designed to highlight good, ethical behavior and illuminate bad. Markets will determine appropriate punishment all on their own.
  
  Until then, all these employment numbers are is smoke and mirrors, making a flashing pass at truth but mooning it on the way past it.
  
  Report this comment
- Shrugged
  Posted on January 4, 2013 at 6:15pm
  Please clarify which half is functioning. I am looking with both eyes and don’t see it.
  
  Report this comment
- Silvertruth
  Posted on January 4, 2013 at 6:19pm
  Also, don’t forget that Regan changed what the employment numbers reflected back in the mid-80′s to make his numbers look better. You most certainly can’t compare the unemployment numbers across decades like this, it’s not a direct comparison.
  
  So, charts like this, while marginally useful, do try to show issues. How effectively they do it is highly debatable. Most folks just see pretty lines so this kind of data is lost on them.
  
  Report this comment
- tajloc
  Posted on January 5, 2013 at 10:56am
  y’all need to read the story of New Zealand…It can be done.
  
  http://www.freedom.org/board/articles/lilley-904.html
  
  Rom 8:28
  
  Report this comment
- mudguy
  Posted on January 5, 2013 at 11:19am
  Need to define the word functioning. That word is not in the governments vocabulary. They can’t even spell it or read it.
  
  Report this comment
Mike Benton
Posted on January 4, 2013 at 3:53pm
What would have happened to that last line if 99 weeks of unemployment was backed out. Or the millions of new “disabled” added to the welfare rolls.

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GhostOfJefferson
Posted on January 4, 2013 at 3:30pm
I know I’m sounding like a dinosaur, but I wonder at what particular point we started thinking that the government should:

1. Track who is and isn’t employed.
2. Care.
3. Try to move the number of individuals employed or not one way or the other?

Aren’t those some of the primary activities we associate with a command and control economy?

I don’t recall Cool Calvin Coolidge reading job charts. Pretty sure Ulysses Grant read one either. When did it become the concern of any government entity to try to “create jobs”? The only “create jobs” program that accords with liberty is removing government and taxes, and the government getting the hell out of the way. We are free men and women, not chattel to be tracked, handled and directed from above.

Anywho, just an observation.

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- GhostOfJefferson
  Posted on January 4, 2013 at 3:35pm
  I am aware of course that lots of private economists care about this kind of thing. Just commenting on government released numbers and charts. As if that’s their responsibility at all (it isn’t).
  
  Report this comment
- SciPro
  Posted on January 4, 2013 at 3:40pm
  Ghost … good point. To me that chart isn’t up-to-date anyways, it’s today .. that is relevant. As you say .. way too much money spent on tracking people, and to what ends? Really? .. sheesh
  
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- Cavallo
  Posted on January 4, 2013 at 3:42pm
  Maybe March 4, 1933?
  
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- BSdetector
  Posted on January 4, 2013 at 3:47pm
  But they want it to be, therefore they slither their tentacles as deep into it as they can.
  
  Report this comment
- GhostOfJefferson
  Posted on January 4, 2013 at 3:48pm
  @Cavallo
  
  So it was FDR then? Figures.
  
  Report this comment
- ArmedAndReallyPissed
  Posted on January 4, 2013 at 3:51pm
  GHOST : I’m thinking that once they figured out that by creating Job numbers, they could easily manipulate those numbers, there by giving themselves some “Job self preservations”.
  Give us half truths with half lies. Keep us second guessing. Get us to takes sides against each other and divide us, while they grow in Wealth and Power.
  We’re the Sheep that’s gettin Sheared. But i’m not telling you anything you don’t already know. You’ve forgotten more than i’ll ever know, my Friend.
  Hope your Site works for you. Keep me posted if you like.
  
  Report this comment
- sparkyrules
  Posted on January 4, 2013 at 4:25pm
  “We are free men and women, not chattel to be tracked, handled and directed from above.”
  
  I threw that thought away when I was old enough to start paying taxes.Through the years doing my own tax returns I realized we all were being played,controlled,manipulated,handled.Whats granted in the tax code one year is easily taken away the next.What benefits one group,disenfranchises the other.
  
  Report this comment
- TonyRUS
  Posted on January 4, 2013 at 4:30pm
  Ghost, when i read your stuff, i feel sort of slapped across the face and i wake up. i realize that i’ve allowed my ability to judge ideas to fall victim to socialism-marxism-creep, where i’m asked to gage between two levels of government hypercontrol of my life, and i’m okay with the choice. I even think i’m standing up for freedom when i agree with the slightly lesser control choice. Your words bring me, and others, back to the truth about all this. So, keep it up.
  
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- GhostOfJefferson
  Posted on January 4, 2013 at 4:43pm
  @Tonyrus
  
  I think that’s the single kindest thing anybody has ever said to me on the internet. Thank you so very much.
  
  @Armed
  
  Yeah, it is job preservation, for them. It’s just a wonder to me that so many accept this as some kind of expected function, or norm, that we look towards government to provide.
  
  @Sparky
  
  Some truth there. There is freedom in anonymity and the non-”legit” economy though. When you’re ruled by criminals, is it really wrong to not obey their lawlessness?
  
  Report this comment
- JRook
  Posted on January 4, 2013 at 4:44pm
  Not sure why we need to keep seeing charts of how bad Bush Jr. wrecked the economy and was fiscally irresponsible. When you are already under deficit spending you don’t throw 2 wars and put through tax cuts. What exactly would be so wrong with cutting REAL spending first, running a surplus for a while and actually paying down the debt incurred under Reagan and Bush Sr. As Regan was the first President to rack up $1 trillion in the federal deficit. After all the art and movie critics here finish their rants it would be interesting to hear their actual answer on how to pay for past spending on the military, infrastructure, IT, corporate tax credits, etc.
  
  Report this comment
- Rothbardian_in_the_Cleve
  Posted on January 4, 2013 at 4:48pm
  Aw, look at Jrook trying to think. Isn’t that cute?
  
  Report this comment
- GhostOfJefferson
  Posted on January 4, 2013 at 4:52pm
  You know Rook, it’s a shame you can’t put your keyboard to better use than propaganda. Half truths, to be certain. Surely the GOP racked up a lot of debt. I find your selective blindness to your own party’s malfeasance rather…predictable.
  
  Get some new material kid.
  
  Report this comment
- Walkabout
  Posted on January 4, 2013 at 6:22pm
  JRook
  When you are already under deficit spending you don’t throw 2 wars and put through tax cuts.
  ***
  Tax cuts are always bad right? Because for example you would never want to put salespeople on commission. Because if they are on commission they will just punch the clock & just show up. The same human psychology that makes commissions work make lowers taxes work.
  
  You can get more revenue up to a point. The Laffer curve works both ways.
  
  The Democrat position was you can go to war & raise taxes or you will not go to war. It didn’t concern them that we had been attacked.
  
  They told Republicans that they could not cut patronage spending to fund the war.
  
  Report this comment
- Unix
  Posted on January 4, 2013 at 6:42pm
  JROOK – your argument, if I can call it that, is BUNK! Bushy did spend, and most on here acknowledge that fact, he is a RINO. We point that out all the time, but BHO is a communist and he has outspent the big spender! He continues to do the same BS FDR did, thus extending the depression we are in. Try to be honest and wake the heck up will ya, please?
  
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- sparkyrules
  Posted on January 4, 2013 at 6:44pm
  @Sparky
  Some truth there. There is freedom in anonymity and the non-”legit” economy though. When you’re ruled by criminals, is it really wrong to not obey their lawlessness?
  
  Great words there,GhostOfJefferson.I couldn’t have nice things without engaging in the non-”legit” economy.Its a tax free place and what is one mans less valuable possession,is my treasure,found.In many ways and many private transactions.I quit playing and joined the underground economy many moons ago.Those criminals may steal from my paycheck,but they’ll never rob the industrious spirit many of us have.
  
  Report this comment
- AvengerK
  Posted on January 4, 2013 at 7:57pm
  Yeah umm JCROOK? Obama hasn’t even made up the jobs lost from the 2008/2009 recession. Remembering that the recession ended officially in June 2009. He’s added NO jobs to the economy because he’s at least 3 million jobs under Bush’s peak.
  
  When do you think Obama will start to deserve a little criticism for his inept handling of the economy? Take a look at the chart cretin. Obama’s is the slowest recovery (if we even have recovered) from a recession EVER! So when’s it going to be? End of his second term? Is he beyond criticism maybe? Idiot
  
  You sad indocrinated sock- puppet, I feel sorry for you.
  
  Report this comment
- AvengerK
  Posted on January 4, 2013 at 8:04pm
  Let me educate you JCROOK you dullard.
  
  Bush lowered the cap gains tax rate to 15% guess what happened? Government revenue went up over 100% from cap gains taxes? Why you ask? How is this possible you beg of yourself? Because the lower rate promoted more activity. When Obama was asked during the 2008campaign why he wants to raise the rate when it’s historically proven to raise revenue all the equally dull Obama could say was “it’s not fair”..oh how globalist/redistributionist/socialist of him. And sure enough..cap gains rateswent up with this latest “fiscal cliff” idiocy. And guess what? Revenue will go down like it has every other time.
  
  You don’t need reasoning with JCROOK..you’re beyond that…what you need is a box of crayons and some paper to keep that “enlightened” elitist mind of yours occupied..can I say occupied without putting you into throes of ecstacy?
  
  Report this comment
- jlb1234us
  Posted on January 5, 2013 at 12:01pm
  I believe that the “charts and graphs for show and tell” are more for marketing than anything else. At some point individuals and the private sector abdicated responsibility for things like helping the needy and being successful to the government because it was easier. Perhaps it even seemed logical at the time. Journeys to really bad places generally start in ok places.
  
  The challenge with relieving one’s self of responsibility is that one relieves one’s self of the power to change the situation even while ignoring the truth that responsibility can never be transferred. So we gave away the ability to change while retaining the duty and those who have the power we gave away don’t have the same obligation to use it well and wisely. They won’t just give back absolute power, which corrupts absolutely. It will have to be taken back. That process doesn’t have to be violent (though it often is), but it will be uncomfortable and unpleasant for both sides. It will happen when the reward is considered worth the sacrifice. I’m not sure that we’re there yet but we’re getting there.
  
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spfoam1
Posted on January 4, 2013 at 3:20pm
The chart shows a direct link between democrat control and economic failure.

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- Rothbardian_in_the_Cleve
  Posted on January 4, 2013 at 3:28pm
  Really?
  
  After all the crap the GOP has pulled you’re still clutching to that infantile binary construct of Red vs. Blue? Really? Some people are simply impervious to reason.
  
  Report this comment
- Unix
  Posted on January 4, 2013 at 6:31pm
  Cleve – tell it to the mountain my friend! Not to put a monkey wrench into your response, but what about the ill conceived CRA of 1977 that started this whole housing mess, and NINJA loans pushed by the Dems (and some RINOS). I will also mention, it is the bleeding heart libs who push for more spending (RINOS included), that we cannot pay for! You have to go back a century to see the Fabian Socialists (Wilson, FDR, etc) who put us on the path to socialism. Cmon, please get real. I am pointing fingers at ALL pols (left and right), please do me a favor and provide some intellectual honesty here! It is all pols, who have caved into absolute power, lining their pockets with special interest money, who have made our country go broke! Most of DC is disfunctional now and I will lay the blame at all of the congress and executive and judicial that paved the way for socialism to creep on us. It is a shame and a shame, k…have a nice day!
  
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WINNEBAGOMAN
Posted on January 4, 2013 at 3:19pm
People- we need to give the President just a little more time. At the current rate of recovery we’ll be fully recovered and have near record peace-time unemployment levels. The recovery can then be enjoyed just in time to be enjoyed by our great-great-grandchildren (barring any new wars or economic setbacks).

Why are the folks on the right so impatient?

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- GuruMeditation
  Posted on January 4, 2013 at 3:22pm
  Hahahaha!
  
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Rothbardian_in_the_Cleve
Posted on January 4, 2013 at 3:17pm
This chart is misleading. It doesn’t reflect the fact of population growth over that same period of time. Nor does it reflect changes to retirement ages. Those are radically different when comparing to prior periods when simply looking at a single metric (total employment).

The point is that this chart actually casts the situation in a far more FAVORABLE light than reality suggests.

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- Fubared
  Posted on January 4, 2013 at 3:27pm
  Comment section is all extra fun and rosey too-
  
  http://www.businessinsider.com/pct-job-losses-in-post-wwii-recessions-2013-1#ixzz2H1UeEcJN
  
  Report this comment
- RaydocX
  Posted on January 4, 2013 at 4:07pm
  take off the rose colored glasses or step out of the cave and into the light.
  the curve is independent of the sampled population as it represents a % unemployment… if anything, the exclusion in the recent numbers of those ‘not looking’ make the most recent curve less deep.
  
  what i find alarming is not the huge dip compared to past recessions… although that should be alarming, too. And it is not that approaching twice the maximal prior dip period out we are not approaching pre recession level, although that also should be a concern (especially when the mode of the number of years ‘between’ recessions is 6, and according to O fans this began ‘before he took office’)…
  
  What alarms me is that the last three are a more prolonge and flattened recession… they did not ‘save jobs’ which is the government mantra, indeed this most recent is by far the worst. But the recovery appears to be blunted, i suspect by government intervention. and given that the ‘solutions’ being forced into place are absolutely contradictory even in the microeconomics world of household budgeting, it is no wonder.
  
  but it’s great that you can look at the curve and come up with a spin that makes you feel like it is a good thing.
  
  Report this comment
- Rothbardian_in_the_Cleve
  Posted on January 4, 2013 at 4:37pm
  @Ray,
  
  You wrote:
  take off the rose colored glasses or step out of the cave and into the light.
  the curve is independent of the sampled population as it represents a % unemployment… if anything, the exclusion in the recent numbers of those ‘not looking’ make the most recent curve less deep
  
  You’re wrong. It represents total employment on a monthly basis not as a percent. The Y axis is the percent departure from total employment in the peak month prior to the recession. My glasses are off and the light is on. Learn how to read a chart.
  
  But it’s great that you can look at a chart and come up with spin that implies you know what you’re talking about when you really don’t.
  
  Report this comment
woodyee
Posted on January 4, 2013 at 3:17pm
Bottom line – the current economic figures are merely props intended to mask the real story, that we’ve PLUMMETED over the fiscal cliff, and everyone in DC is working overtime to disguise that fact. I’m certain those escape train tracks under the “Virginny” mountains have been very recently inspected, tested and lubed…

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- Fubared
  Posted on January 4, 2013 at 3:31pm
  And many of those dirt tracks of ingress/egress also-
  
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TIMEBOMB
Posted on January 4, 2013 at 3:16pm
The economy added 155k jobs? This isn’t what I’d hoped for I was hoping the number was closer to zero but don’t worry you ruler is working hard at getting that number as close to zero as possible. When I get all you suckers unemployed then I can herd you onto the government dole,no one will be working to pay for your existence but that’s beside the point communism must work at all cost. I’ll collapse the system and you idiots will start a civil war and then I can get rid of most you and reeducate a smaller manageable number of you. Praise be to me BHO.

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- FISH_BONE
  Posted on January 4, 2013 at 3:26pm
  Please make my day and choke on a pineapple while you’re over there spending my money.
  
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- ArmedAndReallyPissed
  Posted on January 4, 2013 at 3:28pm
  You deserve at least two more weeks with your Greasy Commie Pig Toes stuck in the white Sands of Hawaii’s Beaches. Awesome job Sir.
  
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- ArmedAndReallyPissed
  Posted on January 4, 2013 at 3:41pm
  I’ve been meaning to ask you too Sir……….Does that Wookie your Married to have a bigger tool than you do ? ( bet this won’t make the post )
  
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- TIMEBOMB
  Posted on January 4, 2013 at 3:46pm
  My loyal subjects I don’t think you appreciate all the sacrifices your ruler has endured,the worst being married to my beard she’s so overbearing,I’d rather be cuddling with one of my young strong muscular virile SS men. They look like popsicles all lined up and I can’t even have one with my beard around all the time.
  
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- ArmedAndReallyPissed
  Posted on January 4, 2013 at 3:55pm
  TIMEBOMB : You Friggin slay me……LMAO…..
  
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- TIMEBOMB
  Posted on January 4, 2013 at 3:55pm
  ARMED She’s John Holmes I’m not.
  
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- ArmedAndReallyPissed
  Posted on January 4, 2013 at 4:10pm
  OOOOOOOOOOOHHHHHHHHHHHH !!!!!!!! Too much info…….I hadda ask, didn’t i……..LOL.
  
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Cavallo
Posted on January 4, 2013 at 3:14pm
Is this the most predictable jobs chart ever?

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brigott
Posted on January 4, 2013 at 3:12pm
Scariest chart ever?

No.

Unfortunately, I’m not surprised by the reality.

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- HolyCannoli
  Posted on January 4, 2013 at 4:00pm
  What scares me is my visceral reaction to this chart and the next 4 years! God help us all!
  
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- OUTLAW_WEALTH
  Posted on January 4, 2013 at 5:27pm
  The scariest chart is the one plotting America’s future projections.
  
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- HolyCannoli
  Posted on January 4, 2013 at 6:34pm
  Projection=Descention alrighty then!
  
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sparkyrules
Posted on January 4, 2013 at 3:12pm
“….four years into the economic recovery.”
Huh? I must’ve read the wrong headlines and missed it.

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- BecksADweeb
  Posted on January 5, 2013 at 9:23am
  The great recession started four years ago. Nice point — the bozos who lap up the crappola on this site are beyond help. They are brainwashed. They have pigpoo for brains.
  
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Jeff Bassett
Posted on January 4, 2013 at 3:11pm
What it still does not reflect are those who have gone off unemployment and still could not find a job. these numbers do not accurately reflect the true unemployment rate in the US.

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jcldwl
Posted on January 4, 2013 at 3:08pm
I don’t understand why the line trends back up. Oh wait that’s right playing the numbers game. That’s why they had to extend unemployment benefits another year because employment is increasing. Not!

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- Cavallo
  Posted on January 4, 2013 at 3:16pm
  It won’t be that way for long. There is a nasty cliff ahead; one that makes the “fiscal cliff” look like a pot hole. Soon the reality piper will have to be paid and we’ll need to wake up from la la land to see the fiscal idiocy that has been chosen.
  
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- Rothbardian_in_the_Cleve
  Posted on January 4, 2013 at 3:20pm
  Actually, the chart is also misleading because we’ve had an involuntary shift of full time to part time work during that window. The change in total employment from the trough (around 5 million) has been comprised of 4 million new part time workers. In that same time average weekly private wages have taken it on the chin while prices have gone up noticeably. It has been a major blow to total prosperity. Hope, Change, Forward.
  
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Fubared
Posted on January 4, 2013 at 3:08pm
Speed bumps. Head winds.

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MAULEMALL
Posted on January 4, 2013 at 3:08pm
Dang Bush

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