Saturday, January 5, 2013

Monthly Rate Of Job Growth And Time To Full Employment

The US has been growing jobs at about 150,000 per month.  If we continue at that rate of growth, we will not reach full employment for a decade.  The graph also illustrates the effect of different growth rates on the time it will take to reach full employment.  The huge loss of jobs, triggered by the financial crisis, created a job deficit that is difficult to overcome.

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