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To: Girlene

if we increase job growth by 50K each month - it will take us 10 years to get people off unemployment.
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If Will said this he is a moron. There are between 150 and 200,000 NEW entrants into the workforce each month. Any creation of jobs not SURPASSING these totals means no jobs growth.

My understanding it will take close to 10 years of 300-350,000 new jobs per month to get the rate down under 6%


123 posted on 08/05/2012 8:10:47 AM PDT by beenaround
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To: beenaround
If Will said this he is a moron. There are between 150 and 200,000 NEW entrants into the workforce each month. Any creation of jobs not SURPASSING these totals means no jobs growth.

My understanding it will take close to 10 years of 300-350,000 new jobs per month to get the rate down under 6%


My mistake in the way I typed it. I think he was referring to 50K above new entrants - "net growth"? -
130 posted on 08/05/2012 8:28:41 AM PDT by Girlene (I can see the only responses I'm getting are for corrections....lol, thanks!)
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