The August payrolls figure came in far behind expectations, as the Labor Department reported Friday. That’s a discouraging downturn, but FiveThirtyEight’s Ben Casselman points to an upsetting longer-term trend.
One depressing chart about the recovering labor market
For the 49th time in the past 50 months, more unemployed workers dropped out of the labor force than found jobs. pic.twitter.com/gV2OD8XkVj
— Ben Casselman (@bencasselman) September 5, 2014 Keep in mind that this isn’t just people who are quitting the labor force because they had jobs and decided to retire; this is people who left the labor force after already being jobless. Reversing this trend would be a clear sign that the job market is on the mend.
More in: Welcome to August Jobs Day















