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Chris
11-04-2013, 08:26 AM
Recovery slow as molasses...

A 101-Year Recovery (http://spectator.org/archives/2013/11/04/a-101-year-recovery)


In September, the U.S. economy added 126,000 private sector jobs, the second-worst month of hiring by employers in the private sector this year, reported the Labor Department last month.

The 126,000 jobs number is down slightly from the monthly average of 129,000 private sector jobs added during the three months of July through September.

More significantly, and illustrating a clear-cut slowdown in an already-sluggish economic recovery, September’s 126,000 private sector jobs increase is a 34 percent drop from the average of 190,000 private sector jobs added per month to the U.S. economy in the April-June quarter.

In addition to these 126,000 new jobs in the private sector, government payrolls expanded by 22,000 jobs in September, producing a combined increase of 148,000 non-farm jobs.

This September total expansion of 148,000 jobs in the private and public sectors combined is a 23 percent decline from the 193,000 jobs added in the private and public sectors in August.

This subpar and declining job creation in an already weak economy, the worst economic recovery since World War II...

“Indeed, the number of jobs actually created in September — 148,000 — is barely enough to sop up the 130,000 who enter the workforce each month, much less cut into the 11.3 million officially unemployed,” reports Investor’s Business Daily.

With 130,000 workers entering the labor force per month and 148,000 new jobs being created monthly, that means the number of unemployed workers is reduced by 18,000 per month.

At that rate of reduction in unemployment — 18,000 a month, 216,000 per year — it’ll take 53 years to get the nation’s 11.3 million unemployed workers back on the job....

The Xl
11-04-2013, 12:51 PM
We need moar stimulus bros.

lololol

Captain Obvious
11-04-2013, 12:53 PM
There's a fine line between being stimulated and just getting jerked off.

lynn
11-04-2013, 12:55 PM
Don't worry the government is working on killing all the last generation baby boomers so their jobs will be open soon enough.

Chris
11-04-2013, 12:57 PM
As Keynes said, in the long run we're all dead.

AmazonTania
11-04-2013, 06:37 PM
The issue is not finding the unemployed work. The issue is that the jobs being created are not keeping pace with population growth.

Peter1469
11-04-2013, 08:04 PM
The issue is not finding the unemployed work. The issue is that the jobs being created are not keeping pace with population growth.

It is both. U-3 unemployment is described in your second sentence. U-6 unemployment includes lots of people in your first sentence that have dropped out of the U-3 data.