New Jobs Remain Scarce
Created on November 29, 2011
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
Gross Job Losses
Gross Job Gains
Sources: U.S. Department of Labor, Bureau of Labor Statistics, Business Employment Dynamics / Haver Analytics.