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US Needs To Generate 254,000 Jobs A Month For 65 Months To Get To Pre-Depression Employment By End Of Obama Second Term

Posted By admin On July 8, 2011 @ 1:49 pm In Money Watch,Tile | Comments Disabled

Zero Hedge [1]
Friday, July 8, 2011

Every time we update the projection chart of how many jobs have to be created by the end of Obama’s now improbable second term, the number goes up.  First it was 245,500 [2]in April, then 250,000 in June [3], now it is 254,000: it seems to increase by 5,000 each month. As a reminder this chart looks for the breakeven number that has be attained to restore (not surpass) the jobs that the US economy had back in December 2007 as the Depression started, when accounting for the natural increase of 90,000 people/month in the labor force. Needless to say, there is no way in hell the US economy can create a quarter million jobs per month from now for the next 65 months, as long as the president continues to pander to Wall Street’s “wealth creation” via asset returns instead of directing capital into actual economically viable projects that focus on wealth creation through labor.

US Needs To Generate 254,000 Jobs A Month For 65 Months To Get To Pre Depression Employment By End Of Obama Second Term Projected%20NFP%20Chart 1 [4]


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URL to article: 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

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/us-needs-generate-254000-jobs-month-65-months-get-pre-depression-employment-end-obama-second

[2] 245,500 : http://www.zerohedge.com/article/us-must-create-245500-jobs-month-return-december-2007-employment-rate-end-obama-second-term

[3] 250,000 in June: http://www.zerohedge.com/article/us-has-create-250k-jobs-month-66-months-return-december-2007-unemployment-end-obamas-second-

[4] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/Projected%20NFP%20Chart_1.jpg

[5] 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

[6] 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

[7] 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

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

[9] 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

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