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New Jobs Remain Scarce

Created on November 29, 2011

New Jobs Remain Scarce

Millions of Gross Job Gains and Losses per Quarter

The current unemployment rate remains high due to a lack of new jobs, not due to job losses. In fact, job losses hit their lowest level since the government began keeping track in 1992. Unfortunately, new jobs are also being added at a far lower rate than a decade ago.

Chart 2 •  WM 3422

heritage.org

2011 Q1

Gross Job Losses

2007 Q4

Gross Job Gains

Sources: U.S. Department of Labor, Bureau of Labor Statistics, Business Employment Dynamics / Haver Analytics.