23 June 2009

Ten Year Job Growth Near Zero

"Between May 1999 and May 2009, employment in the private sector sector only rose by 1.1%, by far the lowest 10-year increase in the post-depression period." In that time period, private sector health care, social assistance, and education added about 7 million jobs, while the rest of the private sector shed about 3 million jobs, and "financial job growth was nearly nonexistent once we take out the health insurers."

Keep in mind that these are raw numbers of jobs. Jobs per capita have fallen as the U.S. population has risen over the past decade.

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