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What's sad is, even if we continued our "boom" year trajectory , there'd only be a decade of modest job growth: better than 0%, but still less than the 70's, 80
by spamizbad 17y ago
What's sad is, even if we continued our "boom" year trajectory , there'd only be a decade of modest job growth: better than 0%, but still less than the 70's, 80's, and 90's.
We need to start rethinking our assumptions about creating jobs: it's not as simple as tax cuts and/or spending programs.
- cwan 17y agoThat's an unfair comparison. It was at historically low levels of job growth because the US was experiencing below average unemployment rates to begin with (ie it's tough to grow additional jobs when people are employed - you will always have a certain percentage of unemployed just because of friction). You can chart/see historicals here: http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?series_id=LNS14000000 http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?series_i... If unemployment fell much further there would be significant concern over inflation (because the only way to fill jobs would be to keep increasing pay for the same amount of work).