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Economy Needs To Create 235K Jobs A Month To Return To Pre-Depression Levels By End Of Obama Second Term

Posted By admin On December 3, 2010 @ 10:42 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
Friday, December 3, 2010

When we last ran this number [2], the economy needed to create 232,400 jobs per month to get to the same unemployment rate as last seen in December 2007, just before the depression started, courtesy of today’s massive disappointment we can now increase the creation requirement to 235,120. As a reminder this is the number of jobs per month that need to be created between December 2010 and November 2016, or the end of Obama’s now improbable second term, for jobs to recover their losses when taking into account the natural growth of the labor force of 90,000 people per month. Also, when ignoring the demographic shift, or just accounting for the absolute number in jobs without accounting for the labor force growth which is so wrong only the BLS looks at that number, the breakeven has been pushed back from June 2013 to July 2013. Economic collapse you can finally believe in. And now, with the BLS’ good graces, the government can promptly pass the jobless benefits extension, which is what this whole doctored data charade is all about.

Economy Needs To Create 235K Jobs A Month To Return To Pre Depression Levels By End Of Obama Second Term Jobs%20Growth%20November%201 0 [3]

Economy Needs To Create 235K Jobs A Month To Return To Pre Depression Levels By End Of Obama Second Term Jobs%20Growth%20November%202 0 [4]

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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/economy-needs-create-235k-jobs-month-return-pre-depression-levels-end-obama-second-term

[2] last ran this number: http://www.zerohedge.com/article/america-needs-add-232400-jobs-month-get-back-pre-depression-job-levels-end-obama-second-term

[3] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/gono/Jobs%20Growth%20November%201.jpg

[4] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/gono/Jobs%20Growth%20November%202.jpg

[5] US Economy Has To Generate 256K Jobs Per Month Until The End Of Obama’s Second Term To Regain Lost Jobs Since December 2007: http://www.prisonplanet.com/us-economy-has-to-generate-256k-jobs-per-month-until-the-end-of-obamas-second-term-to-regain-lost-jobs-since-december-2007.html

[6] Obama Must Create 230,000 Jobs A Month Until The End Of His Second Term For Return To Breakeven – Charting The New “7 Year Itch” Normal: http://www.prisonplanet.com/obama-must-create-230000-jobs-a-month-until-the-end-of-his-second-term-for-return-to-breakeven-charting-the-new-7-year-itch-normal.html

[7] US Needs To Generate 254,000 Jobs A Month For 65 Months To Get To Pre-Depression Employment By End Of Obama Second Term: http://www.prisonplanet.com/us-needs-to-generate-254000-jobs-a-month-for-65-months-to-get-to-pre-depression-employment-by-end-of-obama-second-term.html

[8] US Needs To Generate 262,500 Jobs Monthly To Return To Pre-Depression Employment By End Of Obama Second Term: http://www.prisonplanet.com/us-needs-to-generate-262500-jobs-monthly-to-return-to-pre-depression-employment-by-end-of-obama-second-term.html

[9] US Needs To Generate 261,200 Jobs Per Month To Return To Pre-Depression Employment: http://www.prisonplanet.com/us-needs-to-generate-261200-jobs-per-month-to-return-to-pre-depression-employment-by-end-of-obama-second-term.html

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