...it does appear the trajectory is not full-on descent into chaos, as the EOTers have constantly proclaimed...
In September, the hires rate was little changed at 3.2 percent for
total nonfarm. The hires rate increased in construction and
professional and business services as well as in 3 out of 4 regions.
(See table 2.) The number of hires in September was 4.2 million, up
from 3.6 million in October 2009 (the most recent trough) but below
the 5.0 million hires recorded when the recession began in December
2007. The number of hires has increased 17 percent since the end of
the recession in June 2009.
Over the past 12 months, the hires rate (not seasonally adjusted) was
little changed for total nonfarm, total private, and government. The
hires rate increased for construction and professional and business
services. The hires rate increased in the Midwest and decreased in the