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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on July 08, 2011, 12:44:23 PM
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US Needs To Generate 254,000 Jobs/Month For 65 Months To Get To Pre-Depression Levels By 2016
Zero Hedge ^ | 07/08/2011 | Tyler Durden
Every time we update the projection chart of how many jobs have to be created by the end of Obama's now improbable second term, the number goes up. First it was 245,500 in April, then 250,000 in June, now it is 254,000: it seems to increase by 5,000 each month. As a reminder this chart looks for the breakeven number that has be attained to restore (not surpass) the jobs that the US economy had back in December 2007 as the Depression started, when accounting for the natural increase of 90,000 people/month in the labor force. Needless to say, there is no way in hell the US economy can create a quarter million jobs per month from now for the next 65 months, as long as the president continues to pander to Wall Street's "wealth creation" via asset returns instead of directing capital into actual economically viable projects that focus on wealth creation through labor.
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US Needs To Generate 254,000 Jobs/Month For 65 Months To Get To Pre-Depression Levels By 2016
Zero Hedge ^ | 07/08/2011 | Tyler Durden
Every time we update the projection chart of how many jobs have to be created by the end of Obama's now improbable second term, the number goes up. First it was 245,500 in April, then 250,000 in June, now it is 254,000: it seems to increase by 5,000 each month. As a reminder this chart looks for the breakeven number that has be attained to restore (not surpass) the jobs that the US economy had back in December 2007 as the Depression started, when accounting for the natural increase of 90,000 people/month in the labor force. Needless to say, there is no way in hell the US economy can create a quarter million jobs per month from now for the next 65 months, as long as the president continues to pander to Wall Street's "wealth creation" via asset returns instead of directing capital into actual economically viable projects that focus on wealth creation through labor.
The map is quite false. It would be true for people entering the workplace when they are old enough but doesn't account for people who retire....or die.... ;D
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Fail fail fail..............what a mess this idiot has left us with.