News Manufacturing & Economy If We Add 200,000 Jobs a Month, Will Recovery Take 7 Years or 12 Years?
If We Add 200,000 Jobs a Month, Will Recovery Take 7 Years or 12 Years?
Thursday, 12 January 2012 10:51
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On Friday, we got the December jobs number: +200,000. That’s good, but not good enough. I posted a graph from the Hamilton Project showing that, at that rate, the labor market wouldn’t recover till 2024.

But perhaps that’s too pessimistic. The Economic Policy Institute took a look at the same numbers and concluded that a growth rate of 200,000 jobs per month would lead to a full recovery in seven years or so.

Source: Washington Post

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