Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Tuesday, December 23, 2008
Job Growth
Posted By Milton Recht
The US has approximately 145 million workers and the US population grows about 1.1 percent per year. The US needs to add about 3.3 million jobs over the next two years just to keep unemployment at current levels. President-elect Obama's plan to add 3 million jobs to the economy over the next two years will do little if anything to reduce unemployment.
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