Here's some historical info from the BLS website. Note the unemployment rate during the 1990s.....also assume many of those jobs created back then still exist (we hope) and that younger people have moved into them as older people have retired (Maybe you're forgetting that folks retire and younger people take their jobs?)......and also remember that many of the jobs created during the later 90s tech boom disappeared in a cloud of bankruptcy and investor losses.
__________________________
THE EMPLOYMENT SITUATION: MAY 2007
Nonfarm payroll employment increased by 157,000 in May, and the unemployment
rate was unchanged at 4.5 percent, the Bureau of Labor Statistics of the U.S.
Department of Labor reported today. Health care and food services added jobs,
while employment declined in manufacturing. Average hourly earnings rose by
6 cents, or 0.3 percent, over the month.
THE EMPLOYMENT SITUATION: MAY 1999
The unemployment rate, at 4.2 percent, was little changed in May, the
Bureau of Labor Statistics of the U.S. Department of Labor reported today.
The number of nonfarm payroll jobs edged up by 11,000, following a large
increase of 343,000 in April (as revised). In May, substantial job losses
occurred in manufacturing and construction, while the services industry had
a relatively small gain.
THE EMPLOYMENT SITUATION: MAY 1997
Nonfarm payroll employment rose in May, and unemployment was about
unchanged after falling in April, the Bureau of Labor Statistics of the
U.S. Department of Labor reported today. The number of payroll jobs rose
by 138,000 in May, following an increase of 323,000 in April (as revised).
The May gain was below the average monthly increase so far this year. The
nation’s jobless rate, 4.8 percent in May, has fallen by half a percentage
point since the end of last year.
THE EMPLOYMENT SITUATION: MAY 1994
Unemployment fell in May and employment increased further, the Bureau
of Labor Statistics of the U.S. Department of Labor reported today. The
nation's jobless rate was 6.0 percent, down from 6.4 percent in April.
The number of nonfarm payroll jobs, as measured by the survey of
employers, was up by 191,000 in May. About 70,000 of this modest increase
stemmed from a return of workers who had been on strike. Monthly job
growth had averaged about 260,000 in the previous 4 months.
THE EMPLOYMENT SITUATION: APRIL 1994
Nonfarm payroll employment continued to increase in April and
unemployment was little changed, the Bureau of Labor Statistics of the U.S.
Department of Labor reported today. The nation's jobless rate was 6.4
percent; it had been 6.5 percent in the prior 2 months.
The number of payroll jobs, as measured by the survey of business
establishments, increased by 267,000 in April, with notable gains in
services, retail trade, and construction. Total employment, as measured by
the household survey, rose slightly over the month after showing little
change over the first quarter of the year.
THE EMPLOYMENT SITUATION: MARCH 1994
Nonfarm payroll employment rebounded sharply in March from weather-
related weakness in the prior 2 months, the Bureau of Labor Statistics of
the U.S. Department of Labor reported today. The unemployment rate, at 6.5
percent, was the same as it had been in February.
The March increase of 456,000 in the number of payroll jobs brought
growth in the first quarter back in line with that for the fourth quarter
of last year. The average workweek also expanded markedly following
February's weather-induced declines.
NOTE:
Data from the household survey for 1994 are not directly |
|comparable with data for 1993 and earlier years because of the |
|implementation in January 1994 of a major redesign of the survey|
|and the introduction of 1990 census-based population controls, |
|adjusted for the estimated undercount. In addition, the 1994 |
|data may be affected by the transition to the redesigned survey.|
|For example, seasonal factors, of necessity, have been computed |
|based on data collected in the survey prior to its revision, |
|and these factors may not fully capture the pattern of |
|seasonality in the current data. Hence, over-the-month |
|comparisons of unemployment and other labor force estimates |
|should be made with caution. For additional information on |
|the redesign, see "Revisions in the Current Population Survey |
|Effective January 1994" in the February 1994 issue of |
|Employment and Earnings. |
---------------------------------------------------------------- |
