[Tempest]

150k is the job rate in which we need to create in order to match the rate of growth. 200k is a pipe dream. I think perhaps something must've been taken out of context. Because anyone expecting 150k jobs a month rate of growth this early in the recovery is smoking some serious crack. Or they'er riding on that instant gratification train that all the kiddies like so much.

[ARCADIA]

...expecting 150k jobs a month rate of growth this early in the recovery is smoking some serious crack.

Gee, I heard the "recovery" had started years ago. So what would you call a reasonable expectation, 10-15 years and perhaps never?

[WilliamofCarmichael]

RE: smoking some serious crack and the instant gratification train that all the kiddies like so much.

I am compelled to respond. Maybe you are not old enough to remember when these things followed the classic model. Like in the 1950s, 60s, for example.

150,000 people a month being recalled / hired would be peanuts. We've just had the second anniversary of the beginning of the recovery stage. In the old days everyone would have been back at work for months and getting ready for the next downturn.

Stephen Roach writes about a new model. Right or wrong, I don't understand why more economists don't admit that this ain't their dad's recession.

Perhaps I misunderstand and you are saying that in this particular recovery -- not the classic model -- it is not reasonable to expect so many jobs at this time. IMO, for this particular recovery, two years is indeed early in the recovery. What's going on today is nothing like what I remember.