Tuesday, March 15, 2016

The One Sector of the Economy Where Jobs are Declining

The unemployment picture continues to improve for the overall economy.

But there are severe problems in the oil patch, where more than 100,000 jobs have disappeared over the last 2 years.

This is not what an overall downturn in the economy looks like. In a business cycle downturn you have problems across almost all sectors. The current problems in the energy sector, are sector specific, not an indication of a recession.



  1. "... The number of Americans not in the labor force has climbed by 11,034,000 since Obama took office, rising from 80,507,000 in January 2009 to 91,541,000 in October. ..."


    1. I actually looked at your link, and it is from an article published November 2013. That said, I don't know what the actual number is, but it is just one statistic. Also, the baby boomers are retiring. Does anybody know if the participation statistics exclude people who are retiring?