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By then, Americans will have endured nine years of employment weakness, which for millions will translate into permanently lost opportunities for wage growth and irreversibly diminished living standards.
As many as 1.5m jobs at the height of the boom were, in the long run, not sustainable.Further, economists at Goldman Sachs point out that some employment weakness may be accounted for by shifting seasonal patterns of employment, notably in shops.
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In Providence, by contrast, government employment rose; lingering weakness across the economy seemed to be the issue.
"The drop in employment reflects the weakness in new orders in November and, to a lesser degree, the fiscal cliff," said Eric Green, an analyst at TD Securities in New York.
Writing in the Guardian, Taylor says Britain's employment system "has weaknesses and is not future-proof", and adds that the gig economy is only set to grow.
The question, he said, is: "Will weakness in employment lead to weakness in spending?" Spending by consumers, of course, drives corporate profits, which so far this year have defied expectations of a major slowdown.
The unexpected weakness in employment changed the terms of the debate over the health of the economy.
A gauge of service activity slumped in July, pressed by declines in new orders and prices and weakness in employment.
While employment figures are strong, weakness in the wider economy is having a severe impact on the earnings potential of employees.
This confidence stems from growing evidence that two headwinds that have impeded this recovery so far — weakness in employment and housing — are finally starting to improve.
The renewed weakness in employment provided unwelcome news to President Bush's re-election campaign, which has been counting on drawing attention to an improving job market to make the case for its economic policies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com