How do you like these numbers?

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US Has To Create 250K Jobs A Month For 66 Months To Return To December 2007 Unemployment By End Of Obama’s Second Term

Great news today: Unemployment rose to 9.1% and now take a look at this chart via zerohedge.com:
“The simple math indicates that for the US to return to its December 2007 unemployment, when factoring in the natural growth of the labor force of 90k people a month, the economy will need to add 250k jobs a month for the next 66 months or until the end of Obama’s second term (please no!).”
Private firms added just 83,000 jobs last month, the fewest in 11 months. Nonfarm jobs rose by a net 54,000.  And on Friday, the major indexes all dropped and ended down for the week, as the S&P 500 extended its losing streak to 5 straight weeks. Add to that the fact that China just dumped 97% of its U.S. Treasury holdings.
Hows that “hopeandchange” working for you now?
DCG

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0 responses to “How do you like these numbers?

  1. Well, they said “Change”… and this’s definitely it (they didn’t say into what, of course).

     
  2. lowtechgrannie

    In other words, I shouldn’t take it personally if I don’t hear back from employers. I’m one among 14,000,000.
    The good news? A non-rainy weekend coming up and I finally got to plant my begonias today. God is good!

     
    • hear ya, lowtech…didn’t hear back from another potential employer today like they said. But I did get some yardwork done….finally sunshine here in Seattle woo hoo!

       
  3. Ain’t gonna happen.
    -Not even a little bit.
    -Dave

     

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