Friday, December 10, 2010

A very interesting jobs chart

[mEDITate-OR:
wonder who else they cropped out of the picture...
The variety of charts and graphs that are shown to U.S. depends to a large political degree on what they think they want YOU to see.
This one, even if they DO have a political agenda is VERY interesting.
Yesterday, FinFacts from Ireland and...
The Brookings Institution's Hamilton Project has examined the “job gap,” or the number of months it would take to get back to pre-recession employment levels (while absorbing the 125,000 people who enter the labour force each month).
told U.S. that for back to normal, full employment, The jobs gap was 11.8m jobs.
...if the economy adds about 208,000 jobs per month, the average monthly rate for the best year of job creation in the 2000s
then it will take 142 months, or about 12 years to close the job gap.
At a more optimistic rate of 321,000 jobs per month, the average monthly rate for the best year of the 1990s, the economy will reach pre-recession employment levels
in 60 months, or about 5 years
Now, look, again, more closely at this chart.
See precisely where we are at now.
What FinFacts is telling U.S. we need to do...
AND
how FAR off the mark we still are.
Stunning, is it not.
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