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phantom power

(25,966 posts) Tue Mar 6, 2012, 06:18 PM Mar 2012

to reach an unemployment rate of 5.5% within four years we would need 179,000 jobs a month

That doesn't even address the quality of jobs that are being added.

Second, even if recovery is solid this time, our economy is likely to stay depressed for quite a while. Use the Atlanta Fed Jobs Calculator; to reach an unemployment rate of 5.5% within four years — four years! — we would need 179,000 jobs a month. Are you sure we’ll do that well?

http://krugman.blogs.nytimes.com/2012/03/05/not-again-with-the-pivot/

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to reach an unemployment rate of 5.5% within four years we would need 179,000 jobs a month (Original Post) phantom power Mar 2012 OP

it's probably worse than that -- as the labor market picks up, people will return to it. unblock Mar 2012 #1

unblock

(52,293 posts)

1. it's probably worse than that -- as the labor market picks up, people will return to it.

Reply to phantom power (Original post)

Tue Mar 6, 2012, 06:39 PM

Mar 2012

right now there are people that have given up on finding a job and have sought refuge in school or couples who would like a second income who are trying to get by on one.

as the labor market improves, these people will return, to add to the rolls of job-seekers.

so really, we need even more jobs to get to a given unemployment percentage.

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