If the economy adds about 208,000 jobs per month, which was the average monthly rate for the best year of job creation in the 2000s, then it will take until March 2024over 12 yearsto close the jobs gap. Given a more optimistic rate of 321,000 jobs per month, which was the average monthly rate for the best year of job creation in the 1990s, the economy will reach pre-recession employment levels by February 2017not for another five years.
The price of gas is about to slam the brakes on this.
This is gonna be Staycation Summer. Don’t look for resorts, hotels or water parks to do their usual amount of hiring.
What amazes me is there is always at least one missing number in these fantasy reports.
Ok I get xxxx number of jobs we added in March. EXACTLY how many people filed their first unemployment claim DURING THE SAME PERIOD?
One number without the other is male bovine excrement.
When we are given the wonderful, better than anticipated, Only 300,000 filed new unemployment claims and the UE rate is 8.5% how many just dropped off because they exceeded their 99 weeks? Don’t know? They know everything else about us and they cannot come up with that number?
I feel like a kid still being told Santa Claus, the Easter Bunny, and truth justice and the American way still exists.
Nope. It will "magically" drop down to 8.2 or 8.1.
When Bush was President, these were considered “Mcjobs” I guessing that’s not the case now?