An Analysis of July Employment Numbers 1955 to 2013; Full-Time Employment Down Over 5 Million Since 2007
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- Full time employment is actually now 5.17 million below the 2007 level.
- Total employment is 2.2 million below the 2007 level in spite of 13 million more people of working age.
Wallace writes: "The past five years are near or above the previous all time high set back in 1982. These five years are all in that abysmal range. No other year comes close. I expect things will get worse as the year continues."
Mike "Mish" Shedlock