Is US job growth deccelerating? According to the chart above, job growth peaked at 240 thousand jobs per month in 2015. Since then, jobs added monthly has dropped more than 25% to reach 178 thousand in 2017.
A similar dynamic took place in the Great Recession when job growth peaked at 201 thousand jobs per month in 2006. By 2007, that number had dropped by over 36% in 2007. By 2008, job growth was a negative 63 thousand jobs added per month. The year 2009 was the worst for job growth: the economy lost an average of 495 thousand jobs per month that year. Job growth only turned positive in 2011, when the average hit 132 thousand jobs added per month.
Is the decline in jobs growth signalling another recession in the making?
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