The State Of The American Labor Market In 20 Slides

The BLS reported monthly job growth of +126K Friday morning.  Unsurprisingly, given the disappointment most other economic indicators have given over the past few months, the +126K was well below expectations of +250K. Here’s a look at the American labor market picture in 20 slides. Overall, there’s a strong case to be made that the acceleration period is over (i.e. peak growth is over). Month over Month Job Growth First, here’s a look at the month over month picture.  The baseline case with the +126K is that we’re in a similar situation now as what we saw in Q2 2012,…