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US Needs To Generate 262,500 Jobs Monthly To Return To Pre-Depression Employment By End Of Obama Second Term

Posted By yihan On November 4, 2011 @ 9:20 am In Featured Stories,Tile | Comments Disabled

Zero Hedge [1]
Friday, November 4, 2011

We will simply copy and paste, with the appropriate adjustments, the form text we put up after each and every NFP report calculating the number of people that have to be added by the end of a hypothetical second Obama term. Using theOctober boilerplate [2]: “Every few months we rerun an analysis of how many jobs the US economy has to generate to return to the unemployment rate as of December 2007 when the Great Financial Crisis started, by the end of Obama’s potential second term in November 2016. This calculation takes into account the historical change in Payroll and includes the 90,000/month natural growth to the labor force, and extrapolates into the future.

And every time we rerun this calculation, the number of jobs that has to be created to get back to baseline increases: First it was 245,500 [3]in April, then 250,000 in June [4], then 254,000 in July [5] [then 261,200 in October [2]]. As of today, following the just announced “beat” of meager NFP expectations, this number has has just risen to an all time high 261,200 262,500. This means that unless that number of jobs is created each month for the next 5 years, America will have a higher unemployment rate in October 2016 than it did in December 2007. How realistic is it that the US economy can create 16.2 million jobs in the next 6261 months? We leave that answer up to the US electorate.”

US Needs To Generate 262,500 Jobs Monthly To Return To Pre Depression Employment By End Of Obama Second Term  Jobs%20Growth [6]


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URL to article: http://www.prisonplanet.com/us-needs-to-generate-262500-jobs-monthly-to-return-to-pre-depression-employment-by-end-of-obama-second-term.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/us-needs-generate-262500-jobs-monthly-return-pre-depression-employment-end-obama-second-term

[2] October boilerplate: http://www.zerohedge.com/news/us-needs-generate-261200-jobs-month-return-pre-depression-employment-end-obama-second-term

[3] 245,500 : http://www.zerohedge.com/news/news/article/us-must-create-245500-jobs-month-return-december-2007-employment-rate-end-obama-second-term

[4] 250,000 in June: http://www.zerohedge.com/news/news/article/us-has-create-250k-jobs-month-66-months-return-december-2007-unemployment-end-obamas-second-

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

[6] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/10/Jobs%20Growth.jpg

[7] 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

[8] 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

[9] 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

[10] 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

[11] 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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