Neubarth
At the Ballpark July 30th
To bring down the unemployment rate, the economy must add about 180,000 jobs each and every month to accommodate adult population growth, immigration, reentry of discouraged workers and marginally-occupied self-employed workers. Including the latter two groups, unemployment is closer to 27 percent than the Totally Bogus 9.7 percent mythical headline figure.
Overall, the economy must add more than 18 - 19 million jobs to bring unemployment down to 6 percent by the end of 2013. With state and local governments facing tough financial constraints, the private sector must add at least that many jobs to accomplish the task.
The likelihood of this happening is virtually nil.
We can always hope, though. Right?
Overall, the economy must add more than 18 - 19 million jobs to bring unemployment down to 6 percent by the end of 2013. With state and local governments facing tough financial constraints, the private sector must add at least that many jobs to accomplish the task.
The likelihood of this happening is virtually nil.
We can always hope, though. Right?