With the release of this month’s unemployment report, we now have a chance to take full stock of what happened to the U.S. job market in 2011. In this politically tumultuous year, employment crawled upwards. Slowly.
Overall, total non-farm employment inched higher by roughly 1.6 million jobs, or about 1.3%. The private sector grew modestly. The public sector shrank, also modestly. The United States economy is still about 6 million jobs short of where it was before the beginning of the Great Recession. And while the unemployment rate is down to 8.5% from 9.4%, it’s partly because so many workers have given up on job hunting.
That’s the Cliff’s Notes version. Beneath the headline figures, America’s employment picture is vastly more complicated. If you were a white, or college educated, or in the oil business, odds are you had a fabulous year. For African Americans, high school drop-outs, teachers, and 19-year-olds looking for work, the numbers told a very different story.