The Jobs Recovery, Compared to the “Good Times” Trend | Wolf Street

The increase in the number of people with jobs (red line) since October is only slightly higher than the increase over the same period a year earlier: In October, the number of people with jobs as reported by households was down by 8.69 million people year-over-year; in February, it was still down by 8.49 million people.

f the number of people with jobs had remained on the same trend as during the Good Times since 2015, there would now be around 161.2 million people with jobs (top red trendline in chart above). But the difference between the Good Times trend and the last four months (lower red trend line) has widened a tad – when it should have continued to shrink.

The employment-population ratio, which is the broadest measure of employment and covers the working-age population (16 years or older), ticked up to 57.6%. It has gained a minuscule 0.2 percentage points since October (57.4%):

The Jobs Recovery, Compared to the “Good Times” Trend | Wolf Street