This article puts in perspective the current job market:
http://townhall.livefreeordiealliance.org/profiles/blogs/the-ugly-truth-about-americas
There is a reason why both political parties have stopped talking about creating new jobs. They know that we need almost 7,000,000 jobs to recover the ones we loss during the recession, plus 5,400,000 additional jobs to cover the 150,000 new people that had hoped to entered the job market every month for the past three years; the ones that don’t count as unemployed because they were in school. We need maybe about 10,000,000 new jobs to cover the people who are under-employed, or have just been beaten down by hundreds of rejections or the 30,000,000 who have been downsized or out-sourced over the last 30 years.
Whoever our next president is, he or she has to develop a plan to create about 500,000 jobs per month for the next five years just to bring us back to the 2006-2007 levels. Just isn’t going to happen. Furthermore the 500,000 new jobs each month for the next 60 months doesn’t take into consideration the 1,600,000 people that are being laid-off every month.
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Maybe overstated, but anyone want to come up with better numbers?
