Saturday, August 8, 2015

JOBS AND THE ECONOMIC RECOVERY (2015)

My forecast is that President Obama's major accomplishment as president will be viewed as the incredible economic recovery the nation has witnessed since the Great Recession the second worst economic collapse in over 100 years.  It could have been faster, perhaps, with a more agreeable congress (on matters such as funding infrastructure improvements), but their drag on the economy has resulted in a slow but sure recovery.

The Wall Street Journal runs a wonderful series on jobs every month, this article is taken from the July report.* You are encouraged to look at the total report that contains 12 figures.

The job market continues to improve in 2015:
(Click on picture to enlarge)
Contrary to what some politicians want you to believe, part-time jobs are relatively rare and are not increasing.  It is full-time jobs that are increasing; however, though the part-time workers comprise less than 3% of the workforce, it is a number still higher than before the great recession.
(Click on picture to enlarge)
It seems to be in larger cities where the economy is improving the most so smaller communities may not be seeing the full benefits from the rising economy (http://stopcontinentaldrift.blogspot.com/2015/08/large-cities-lead-way-economically.html).

* http://blogs.wsj.com/economics/2015/08/07/the-july-jobs-report-in-12-charts/?mod=djemRTE_h

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