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At This Pace, The U.S. Won’t Get Back To Full Employment Until 2022

Saturday, February 2, 2013 - 7:36 PM
I guess it's ZIRP until then...

The jobs numbers have been crunched and re-crunched, and it turns out that the U.S. economy added an average of 180,000 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.

At this pace, the U.S. won’t get back to full employment until 2022
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ShorebreakShorebreak2,367 posts since
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