12 Million Jobs Have Been Added Since The Recession

12 Million Jobs Created

The U.S. economy looks healthy again and that’s largely in part to 12 million jobs that have been added to the workforce since the recession ended in June 2009.

Unemployment has fallen from a peak of 10% down to 5%, and even wages are finally starting to go up.

Hiring through November remained strong, but investors are still keeping a close eye on the Federal Reserve. Interest rates are at historic lows near 0%, a rate they hit in December 2008.

The job market’s strength, especially in the face of a global economic slowdown, is why the Federal Reserve will likely raise interest rates on December 16. It would be the Fed’s first rate increase in nearly a decade.

Wall Street now predicts nearly an 80% chance of a rate hike.

Here’s are five graphs that succinctly explain several economic indict

1. Millions of jobs added since the recession

Economy under Obama

2. Unemployment is down dramatically since 2009

Obama Economy

3. Weak inflation is not helping the Fed

Weak inflation

4. Jobless claims are down by half since the peak

Jobless Claims

5. Wage growth finally showing signs of life

Wage Growth

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Written by Tammy Johnson

Tammy Johnson

Tammy Johnson is the Retail Editor at BusinessPundit. She focuses on Fortune 500 retail company's and disruptive brick-and-mortar and e-commerce companies that are changing the retail landscape.