In the News

US / At 2012 pace, full employment won’t come until 2022

The jobs numbers have been crunched and re-crunched, and it turns out that the U.S. economy added an average of 181,000 jobs per month in 2012. That’s a faster rate than in 2011 or 2010.

But it’s also relatively sluggish, given the deep, deep hole the economy is still in. If the United States keeps adding 181,000 jobs per month, then it will take nine years and three months to get back to full employment, according to the Hamilton Project’s jobs calculator:

JobsGap2-01.jpg (956×550)Choosen excerpts by Job Market Monitor from

Washington Post

via At this pace, the U.S. won’t get back to full employment until 2022.

Related Posts

US / Job Gap / A four million shortfall in employment

POSTED BY  ⋅ JANUARY 11, 2013 ⋅ 2 COMMENTS

According to the last jobs report for 2012, the United States labor market continues to recover at a steady but modest pace despite a global slowdown, Hurricane Sandy and anxieties about future fiscal policy. Private payrolls increased by two million in 2012, and the unemployment rate fell by 0.7 percentage point to 7.8 percent. Over … Continue reading »

Global Job Gap / At least until 2017 to recoup the lost in the US and Europe says UN

POSTED BY  ⋅ DECEMBER 18, 2012 ⋅ 3 COMMENTS

World economic growth has weakened substantially this year and faces the confluence of a triple threat — the fiscal cliff in the United States, a worsening European debt crisis and a sharp slowdown in China, the United Nations said in a year-end report released on Tuesday. The worst case, the report said, could be a … Continue reading »

US / Job Gap / State-by-State

POSTED BY  ⋅ NOVEMBER 19, 2012 ⋅ 6 COMMENTS

Each month, The Hamilton Project examines the “jobs gap,” which is the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while absorbing the people who enter the labor force each month. As of September, our nation faces a gap of 11.1 million jobs, but the … Continue reading »

Job Gap – About 14 million jobs need to be created says OECD

POSTED BY  ⋅ AUGUST 27, 2012 ⋅ 6 COMMENTS

The current weak economic recovery will keep unemployment rates in OECD countries high until at least the end of 2013, according to a new OECD report. The Employment Outlook 2012 says that the OECD-wide joblessness rate is forecast to remain high at 7.7% in the fourth quarter of 2013, close to the 7.9% rate in May … Continue reading »

 

Discussion

3 thoughts on “US / At 2012 pace, full employment won’t come until 2022

  1. Reblogged this on This Got My Attention and commented:
    What, not until 2022? I thought the “stimulus” was working! :~(

    Posted by Mike | February 2, 2013, 10:35 am

Trackbacks/Pingbacks

  1. Pingback: US / 14 Reasons for an Employment Policy « Job Market Monitor - February 4, 2013

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: