Some stunning labor market factoids via Hamilton Place Strategies:
1. Net jobs created under President Obama (from Jan 09): 33,000.
2. Jobs needed monthly for unemployment rate to be below 8% on Election Day if current participation rate holds steady: 279,003.
3. Unemployment if participation rate was at demographic trend 11.5%.
4. Number of “missing workers:” 3.4 million.
5. Jobs needed to return to pre-recession peak (peak of Nov 07): 4.4 million.
Reply
