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Friday, October 07, 2011
US Needs To Generate 261,200 Jobs Per Month To Return To Pre-Depression Employment By End Of Obama Second Term
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 in April, then 250,000 in June, then 254,000 in July. 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. 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 62 months? We leave that answer up to the US electorate.
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6 comments:
Look closely at the graph. You can see how the red line drops fast and then begins to go right back up and then drops again.
Guess what happened right on the date that the red line drops again.
That's right for those paying attention. When the graph drops again is when Obamacare was signed into law.
Now I ask, what's killing jobs in this country?
Obama , has caused total destruction of the U.S..
His beliefs and muslim attitude has taken it's toll on us. The silent majority is awakening , thank GOD.
Civil War is at the horizon , it will be a bad one , worse than you've ever seen or heard about.
Re:3:05--Did you forget to take your medication again this morning?
3:17
Do you have your head stuck in your @@@ ?
That's a pretty optimistic chart someone made up! Let's run that one back for 100 years and see if historically the economy had ever improved at that rate! HA!
Sigh. Can't you people have a conversation without calling each other names?
You both lose.
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