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US Needs To Generate 262K Jobs Each Month To Get Back To Break Even

Posted By yihan On April 6, 2012 @ 8:39 am In Money Watch,Tile | Comments Disabled

Zero Hedge [1]
Friday, April 6, 2012

This is the latest tally: since the start of the Second Great Depression, the US has lost a total of 5.2 million nonfarm payroll jobs, beginning with 138 million jobs in December 2007, and printing at 132.8 million as of 90 minutes ago. So far so good. The problem, however is that the denominator in the equation is not fixed, and as everyone knows the US labor force,¬†despite the ridiculous BLS data fudging, is growing in line with population, albeit at a slower pace. According to all non-partisan budget forecasters, each month the labor force should be adding 90,000 people. Which in turn means that since December 2007, the labor force has really grown by 4.6 million. Adding these two together¬†leads to a 10 million job deficit. So what has to happen for these 10 million to get promptly put back into jobs, and for America to get back to the ~5% unemployment rate it boasted just as the credit bubble peaked? Nothing too crazy: the country just has to create 262,000 jobs every month for the remainder of Obama’s first, and now, by the looks of it, second term too. We are quite confident he can handle it.

US Needs To Generate 262K Jobs Each Month To Get Back To Break Even Jobs%20growth%20Obama%202%20 0 [2]

 


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/us-needs-generate-262k-jobs-each-month-get-back-breakeven

[2] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/03/Jobs%20growth%20Obama%202%20.jpg

[3] 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

[4] 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

[5] 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

[6] 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

[7] 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

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