It's been a while since we've checked in on this, my favorite employment indicator. The above graph shows the multi-decadal decline since 1970. This next one focusses in on just the last few cycles - since 1990:
As you can see, the burst in late 2011 is quite strong and makes this recovery look as reasonable as other recent recoveries. I wouldn't set too much store in Friday's weaker report at this point - it's common for recoveries to be choppy with odd readings that go down as the overall situation improves.
I'm a scientist and innovator in the technology industry, with a broad range of interests and experiences. I have a Physics PhD, MS in CS, and have done research, lived in cohousing communities, run a business, and designed technology products. Professionally, I have mainly worked on computer security problems. Currently I'm Adjunct Professor of Computer Science at Cornell, but this blog represents my views only.
Email me at stuart -- at -- earlywarn -- dot -- org. I do read all email, but because the blog is a part-time unfunded enterprise, I often fail to reply due to lack of time - apologies.