Friday, October 5, 2012

Four Years Ago, Total Non-Farm Employment Was Higher By 2.832 Million

Data and graph available here.

The 2% decline in total non-farm employment is the nominal decline which ignores the growing size of the US population, and thus of the workforce, over the period. A healthy economy grows sufficiently to absorb new workers added to the population. Since 2008 US population has grown by over 3%.