Jobs are usually the last thing to go moving toward a recession and the last thing to come when the economy is turning around. Jobs are also a great indicator as far as how well the economy is doing. The only better indicator is the GDP rate.
Congratulations, you've completed intro to macroeconomics. This add little to what we are talking about in this thread, which is rather the question of why in the last couple decades there has been a considerably longer lag develop between the GDP minimum and the employment minimum.
