Total nonfarm employment shows the nature of the jobless recovery. Jobs are expanding barely enough to hold the unemployment rate constant, and it has taken a declining participation rate to do that.
![](http://image.minyanville.com/assets/FCK_Jan2011/Image/marissacarl/12-27mish4.jpg)
Total nonfarm employment picked up nicely early- to mid-2010 but most of that was part-timework for Census data gathering. The net effect is that employment growth was overstated through May, then understated the next few months as those workers were let go.
![](http://image.minyanville.com/assets/FCK_Jan2011/Image/marissacarl/12-27mish5.jpg)
Total private employment has been growing at a reasonable clip, but not in comparison to previous recoveries that averaged 200,000 jobs a month.
![](http://image.minyanville.com/assets/FCK_Jan2011/Image/marissacarl/12-27mish6.jpg)
Twenty-six percent of jobs growth in 2010 has been from temporary help services.
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