Total U.S. employment levels nearly at pre-recession level; expected to reach by mid summer.

U.S. employment almost at pre-recession levels

Total U.S. employment is nearly at it’s pre-recession level.  Right at the beginning of the recession total non-farm U.S. employment, which includes about 80% of all workers, was a little over 138,000,000.  Right now total non-farm U.S. employment is a little under 138,000,000.

Generally, non-farm employment is subject to fluctuations such as seasonal changes in weather, major holidays, and the opening and closing of schools.   However, at the current rate of growth, U.S. employment can be expected to reach pre-recession levels by mid summer.

For more see:

(1) Bureau of Labor Statistics. “Employment, Hours, and Earnings from the Establishment Survey.” BLS Handbook of Methods; last date modified July 10, 2013; http://www.bls.gov/opub/hom/.

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Dwight Steward, Ph.D.

Dr. Steward regularly writes and speaks on topics involving business and individual economic damages, employment audits, and the analysis of payroll and time data in wage and hour investigations. Dr. Steward has also held teaching positions at The University of Texas-Austin in the Department of Economics and in the Red McCombs School of Business, The College of Business at Sam Houston State University, and at The University of Iowa. He has taught numerous courses in statistics, corporate finance, labor economics, business policies, managerial economics, and microeconomics.