Posted on 03/13/2012 11:53:40 AM PDT by SeekAndFind
The labor market is in full-blown recovery mode right now, with the economy adding more than 200,000 net new workers each month for the past three months. At this rate, we'll close the jobs gap in roughly ... eight years.
Eight years!?
Yep, that is the conclusion from Michael Greenstone and Adam Looney at the Hamilton Project. Today the country faces a 11 million-person jobs gap. This "jobs gap" represents the number of jobs that the U.S. economy needs to return to pre-recession employment rates while also (this part is key!) absorbing everybody joining the labor force.
It's not just enough to make jobs for everybody seeking work this year. We also have to account for the millions of people joining the workforce over the next decade. Filling the jobs gap is like filling a bucket that gets deeper every minute.
(Excerpt) Read more at theatlantic.com ...
I love when the libs come out with these stats.
They don’t realize the glory days they are describing were under Bush (with Repub congress)- 4.5% unemployment, $2 gas, booming real estate.
. . . and yet those Democrat operatives — I mean cable news anchors — are gleefully predicting that Obama will benefit in November from such a stunning turnaround in the economy! What drugs are they taking?!
I haven't seen any real projections or any idea how the US will prosper facing the problems we have forced upon ourselves.
So much of those stats reflect GOVERNMNT JOBS. IOW ‘non productive resource draining political pandering now vote for us’ jobs.
They have plenty of GOVERNMENT JOBS in Greece. And just look how good they’re doing....err...
I look forward to the day this POS rag, ‘The Atlantic’ closes its doors!
Wow! This is great!
Now can they explain why the three of the four states who reported the biggest gains in new workers have LOST income tax revenue in comparison to last year? (California, Texas & New York)
Is state income tax optional for the new hires?
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