Jobs picture: Pretty bad when you zoom out.

The Big Jobs Picture Is Bad

Moneybox
A blog about business and economics.
Jan. 10 2014 10:46 AM

The Big Jobs Picture Is Bad

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Jobhunting at Workforce One Employment Solutions.

Photo by Joe Raedle/Getty Images

The best reason not to update your views about the state of the economy in response to this month's jobs report is that the big picture is actually very clear.

And here it is:

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The particular demographics of labor force participation are difficult to untangle. But we know for a fact that there are more Americans today than there were at the start of 2008. And yet there are fewer jobs.

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

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