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1,000-Word Chart: U.S. Total Employment

Alex Carrick
1,000-Word Chart: U.S. Total Employment

Due to its complexity, much of the subject matter concerning the economy requires detailed editorial commentary, often supported by relevant tables and graphs.

At the same time, though, there are many topics (e.g., relating to demographics, housing starts, etc.) that cry out for compelling ‘shorthand’ visualizations.

Whichever path is followed, the point of the journey, almost always, is to reach a bottom line or two.

To provide additional value, ConstructConnect is now pleased to offer an ongoing series of 1,000-word charts.

These will help readers sort out the ‘big picture’ more clearly.

This 1,000-word chart looks at U.S. total employment as of February 2021.

U.S. Employment: Total
This bottom graph will soon look quite different. The y/y comparison will improve significantly as the denominator plummets (i.e., last year's jobs level plunged in Mar-Apr.)
Gray shadings denote recessions, Q2-Q3 2001 (‘dot.com’ collapse) & Q1 2008-Q2 2009 (‘Great’ Recession).
Latest data points are for February, 2021 / Based on seasonally adjusted (SA) data.
Data source: Payroll Survey, Bureau of Labor Statistics (BLS).
Chart: ConstructConnect.

Alex Carrick is Chief Economist for ConstructConnect. He has delivered presentations throughout North America on the U.S., Canadian and world construction outlooks. Mr. Carrick has been with the company since 1985. Links to his numerous articles are featured on Twitter @ConstructConnx, which has 50,000 followers.

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