First, the New York Times wants us to believe that the jobs machine has been "racing ahead for many months" and that we have just enjoyed "the best two-year stretch for the job market since...the late 1990's." That is an Obama-promoting miss-statement if I ever heard one. (Click on these images for a readable view.)
All the monthly jobs data come from the US Department of Labor Bureau of Labor Statistics. I asked for data from 1960 and got the little chart below. The severity of the 2008, 2009 crash is evident, but, other than that, a cursory look at this chart suggests no obvious long term trends in job growth (I'll try to not use "creation.") over the last 45 years. The scale on the y axis and the failure to consider population, however, completely hide a very significant long term trend.
Below are all the raw data, changes in number of jobs, for each month from January 1960 to the recently reported plus 160,000 jobs in April 2016. That is the last number you will see at the bottom of the chart with the (P) indicating that the number is preliminary and subject to change.
Recognizing the size and sluggishness (long time constant) of our economy, the way month to month and even year to year noise tends to hide the long term trends, and the importance of jobs relative to population, I calculated the totals for the twelve months of each year and then plotted a ten year moving average of job changes as a percent of population. Here is the result:
And that ugly trend is the fundamental reason so many people are so frustrated and unhappy that they are willing to turn to Donald Trump as a viable candidate for the highest office in the land. The establishment politicians of both parties have failed in their primary responsibilities to develop globally competitive infrastructure, economic climate, tax structure, and national defense that will preserve, protect, and defend our constitutional rights to life, liberty, and the pursuit of happiness.
Instead, in pursuit of votes and campaign contributions, they have focused on wealth-transferring social benefits that now consume 75% of total federal tax revenues and, through continued deficit spending, have built our national federal debt to essentially equal to GDP.
And the ugly job growth data above are completely consistent with our long range record low GDP growth and labor force participation rates.
Here are the downloaded data with population and long term averages added, just in case you want to check my math. I am a bit rusty. Click on it to read the numbers.