Saturday, November 5, 2011

At this rate, full employment is 12 years away

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From MarketWatch:

WASHINGTON (MarketWatch) — The U.S. economy is creating jobs, but it’s doing it so slowly that, at the current pace of hiring, the unemployment rate would stay stuck at 9% for five more years...

Where are the jobs?

The pace of hiring is so weak, in fact, that the economy wouldn’t get back to full employment (around 6%) until 2023, or mid-way through Kim Kardashian’s second term in the White House...


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Link: http://www.marketwatch.com/story/at-this-rate-full-employment-is-12-years-away-2011-11-03?link=home_carousel

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