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 Posted: Sat Mar 05, 2011 9:40 am Post subject: Obamanomics & Employment |
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PeakTrader said...
Obamanomics hasn't worked well yet, with 15 million unemployed and 125,000 to 150,000 people a month entering the workforce from population growth:
THE EMPLOYMENT SITUATION -- JANUARY 2011
BLS
"Since a recent low in February 2010, total payroll employment has increased by an average of 93,000 per month."
Jobs crisis eases, but economy has long way to go
11/05/2010
After the severe 1981-82 recession, the economy generated 287,000 jobs a month in 1983 and 323,000 in 1984.
Some months were especially explosive: in September 1983, the economy created 1.1 million jobs. In February 1984, it was 479,000.
Two severe recessions-peak to trough:
Jul 1981-Nov 1982 (16 months)
Dec 2007-Jun 2009 (18 months)
Of course, the U.S. population is higher today than in the early '80s.
U.S. population in 1984 was 235 million. Today, it's 310 million, a 32% increase. |
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