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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 08/11/2009 : 11:18:57
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Some forecasts don't have the unemployment rate getting back to "normal" levels of around 5 percent until 2014.
The economy needs to produce a net gain of roughly 127,000 jobs each month just to absorb new job seekers created by population growth and immigration. To create more jobs than that requires some strong economic activity. But most analysts expect growth to be weak over the next four years.
The labor market always lags the economy. More opportunity is needed. |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Why the worst lies ahead for the labor market
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