Friday, December 11, 2009

need 300k jobs per month to recover in 6 years

dum luck

you still out there

i got pigged on my response to your request for data to support my position

so here it is

starting with your request

dum luk wrote on Fri, 12/11/2009 - 12:27 pm

Mock,

You keep posting that "we need to create over 300k jobs a month to dig our way out of this hole over a 5 to 7 year period".

Where are you getting that number ??

I believe 175k per month would do it in a 5 year time frame. These are my sources:

http://web-xp2a-pws.ntrs.com:80/content//media/attachment/data/econ_research/0912/document/dd120809.pdf

Economist Mark Zandi: On stimulus, jobs, state finances, inflation and the year ahead

my answer

you asked where i got my figures and supplied a different set of numbers

your first reference says 86k just to hold steady at current employment rate

my sources put the steady state number at 127 k

http://www.epi.org/analysis_and_opinion/entry/signs_of_healing_in_the_labor_market_though_unemployment_remains_in_double_/

ok no big deal

what you are leaving out is the job GROWTH needed to re coup the 8 million jobs lost since the recession began

do we agree almost 8 million jobs have been lost????

see this article for one as a reference
US economy has lost almost 7m jobs since recession began, fresh figures show - Telegraph

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