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US Payrolls Continued to Decline in November

Non-farm payrolls in the United States declined by 169,000 jobs from October to November 2009, according to the most recent ADP National Employment Report, and once again this decline exceeded the average expectation of about 150,000 expressed by economists in the most recent Dow Jones survey.

The relatively good news is that the decline in November was smaller than the loss of 195,000 jobs in October 2009, 220,000 in September, 267,000 in August, and 347,000 in July.

In a larger context, total non-farm payrolls in the United States declined from 109,354,000 in June 2009 to 108,156,000 in November, only slightly more than 1%.

Meanwhile some relatively long-term trends downward continued, as employment in construction, for example, declined for the 34th consecutive month.

Likewise total participation in the labor force, as a percentage of the population over 16, continued to bounce jaggedly downward, in accord with a hodge-podge of demographic and economic factors.

Labor Force Participation copy

The American economy has now lost about 8,000,000 jobs since the recession began in June 2007.

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Jacob Freeze

Jacob Freeze

I'm a painter and photographer who supplements his meager income by hurling rotten fruit and screaming "Welcome to the Bu!" at the Humvees of hedge-fund managers and their nightmare spawn who get stuck in the ridiculously narrow drive-through at McDonald's in Malibu. They inevitably poop their pants and abandon the vehicle, which I subsequently strip and sell for parts, and that is how I can afford to live in Malibu.

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