Employment In The Recoveries

Menzie Chinn
By Menzie Chinn of Econbrowser.com
Professor of Public Affairs and Economics at the University of Wisconsin •

Despite the depth of the last recession, private nonfarm payroll employment is now higher than the corresponding point in the last recovery.

Despite the depth of the last recession, private nonfarm payroll employment is now higher than the corresponding point in the last recovery.

employment_2recov

Figure 1: Log private nonfarm payroll employment normalized for NBER peak at 2007M12 (blue), and for NBER peak at 2001M03 (red). Source: BLS via FRED, NBER, and author’s calculations.

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