Friday, May 08, 2009

Civilian Employment Still a Long Way to Go (Chart)

Unlike unemployment, this chart is the number of people employed. So far, we are down about 6,000,000 million jobs. Imagine. A slight up tick this month is a positive.

More than half of the new jobs created are government job and most of those are hires by the census bureau.

With 6 million out of work, the economic numbers going forward might improve -- but they will be weak.

It is likely that the stock market has already discounted the recent mild rebound in the economic news. It is also likely that the market is going to be more vulnerable, now, to any renewed weakness.
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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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