As you can see in the chart, all of he post WWII recessions show strong employment growth in the months immediately following the peak unemployment percentage (zero point), except for the most recent recession. Although we are headed in the right direction, we still have a way to go to get back the jobs that were lost.
In the most recent report from the Labor Department, the US created 88,000 jobs in the month of March, far less than was expected and the lowest reading in a year. After such a strong number in February, this comes as a bit of a surprise to many. This decrease indicates there was a slowdown in hiring although it may be a temporary phenomenon.
