It is interesting to note the relative performance of the jobs market over the last 70 years. Growth in jobs seems to have peaked and is now experiencing a downward trend.
Change in non-farm payrolls from beginning to end of recessions:
Start | End | Change |
Nov-73 | Mar-75 | -1.62% |
Jan-80 | Jul-80 | -1.07% |
Jul-81 | Nov-82 | -3.08% |
Jul-90 | Mar-91 | -1.13% |
Mar-01 | Nov-01 | -1.21% |
Dec-07 | ? | -3.72% |
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