The Jobs Picture

As PGL notes, there was good news on the employment front this morning. The US economy continues to enjoy a respectable, though not spectacular, rate of job growth. Here’s the picture:

For the past several months now the economy has generated more than the 125,000 to 150,000 new jobs needed each month to simply keep up with population growth… which is why the employment-population ratio has finally hit PGL’s celebratory 63%.