We did it! This is the biggest streak of job creation in recorded history. As long as you don’t think about it too hard.*
February’s numbers make it official: This is now the largest sustained period of jobs growth the U.S. has seen since it started keeping track in 1939. Since 2010, the economy has added more than 13 million jobs without suffering a negative month.
By this strict definition of “streak” as “consecutive months without a drop in nonfarm payrolls,” it’s also by far the longest at 65 months.
And I might add the streak is still going.
(Click to enlarge. Not all figures are seasonally adjusted. source: Labor Department)
But if you consider the jog growth as percentage of the labor market, it "only" comes in seventh out of 16 periods including WW-II and the post war.. (First is 1940-1943, the WW-II period, but it well may beat out four of the six periods above it (in increasing order: 1983-86, 1950-51, 1986-90, 1964-67, but probably not 1975-79.) by the time the streak ends.
Playing with the data further, the current period comes out last (16th) if you adjust for both the length of the period and labor force size.
* http://blogs.wsj.com/economics/2016/03/04/this-is-the-largest-job-growth-streak-ever-kind-of/?mod=djemRTE_h
WAGES 2014
It seems to me that the figure below says it all, but, if you look at the whole article, they supply a number of different categories such as White, Black, Female, Asian, Other, etc.
there are many interesting footnotes in the article, one of importance to the figure is:
All figures count only those ages 16 and over who reported personal income greater than $0 in 2014.**
If you are a white male of the Silent Generation born before WW-II, only 19% earned less than $27,000, the median income of all groups.
** http://blogs.wsj.com/economics/2016/03/02/what-percent-are-you-2/?mod=djemRTE_h
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