NYT and Justin Wolfers Get it Wrong, the U.S. Is Doing Very Well in Translating Weak Growth Into Jobs

The NYT picked up a twitter comment from Justin Wolfers and told readers that the United States is lagging other countries in job creation. The blogpost has a graph showing a higher rate of job growth in several other wealthy countries. The piece then tells readers that the United States is doing a poor job translating economic growth into job growth.

Actually the U.S. has been doing a very good job translating very weak growth (@ 2.0 percent over the last two years) into jobs. This is shown...