Yes, the Employment Report Is Terrible and is Getting Worse
The chart above is from the latest employment report. Last year in the Spring, it looked as though we were getting escape velocity. Then we were hit by Japan's problems, high oil and EU. This year, we have just the EU, which is more than enough trouble.
Also note the declining nature of the overall employment situation.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.