The “jobs gap” is, according to the Hamilton Project, “the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while also absorbing the people who enter the labor force each month.”
Now, since the beginning of this year, employment growth has averaged 151,000 per month, about the same as the average monthly gain of 153,000 in 2011, according to the Labor Department.
If we continue adding jobs at that pace — according to the HP’s calculator — we will close the jobs gap until after 2025. Maybe quite a bit after …
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