- Prison Planet.com - http://www.prisonplanet.com -
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
Zero Hedge 
Friday, December 3, 2010
When we last ran this number , 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.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/economy-needs-to-create-235k-jobs-a-month-to-return-to-pre-depression-levels-by-end-of-obama-second-term.html
URLs in this post:
 Zero Hedge: http://www.zerohedge.com/article/economy-needs-create-235k-jobs-month-return-pre-depression-levels-end-obama-second-term
 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
 Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/gono/Jobs%20Growth%20November%201.jpg
 Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/gono/Jobs%20Growth%20November%202.jpg
Copyright © 2013 PrisonPlanet.com. All rights reserved.