There's No Sign of a Jobs Liftoff

A blog about business and economics.
Dec. 6 2013 3:43 PM

No Sign of a Jobs Liftoff


Not to be Mr Sourpuss or anything, but I think the chart above undercores the fact that some of the celebratory atmosphere surrounding this morning's jobs report is a bit premature. It was a decent number of new jobs and nothing to cry about. But we've seen better months. Not just back in the pre-crash days, but during the disappointing recovery of the past four years.

That's a big part of the reason all this talk of accelerating tapering seems so badly premature to me. If next month is better than this month and the next after that is even better then, sure, maybe. But we're hardly experiencing some amazing boom.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

  Slate Plus
Plus Roundups
Jan. 30 2015 11:44 AM What Happened at Slate This Week? Social media guru Lindsey Underwood highlights the most popular stories of the week, from the Patriots to Tom Petty.