Getting the economy to 5 percent unemployment within two years — a return to the rate that prevailed when the recession began — would require job growth of closer to 284,984 a month.
There are now 12.3 million workers looking for work who cannot find it. The tally of those who are underemployed — that is, adding in those workers who are part-time but want to be employed full-time, and workers who want to work but are not looking — is an even larger 21.4 million.
Choosen excerpts by Job Market Monitor from
via Comparing Jobs in Recessions and Recoveries – NYTimes.com.
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US / The number of American working was up by only 17,000
The headline ” Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent”, the U.S. Bureau of Labor Statistics reported today. But the number of those working (SA) was up by only 17,000, after last month 28,000. This is by far not enough for a dent in the … Continue reading »
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