Private sector payrolls and jobs are up
Net nonfarm payrolls added 257,000 jobs in January and private sector jobs are 2 percent above the level seen a year ago.
This chart shows total private nonfarm payrolls from 2001 to 2011. Totals are rising again after hitting bottom in 2009.
SoldAtTheTop
Today’s Employment Situation Report indicated that in January, net nonfarm payrolls increased with private nonfarm payrolls adding 257,000 jobs and the unemployment rate declining to 8.3% over the same period.
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'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
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Net private sector jobs increased 0.23% since last month climbing 2.06% above the level seen a year ago but but remained a whopping 4.47% below the peak level of employment seen in December 2007.
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