"New jobs created" means nothing. Somebody hiring 100 popcorn salesmen and firing 100 popcorn salesmen causes 100 jobs created. You want to look at net increase

"New jobs created" means nothing. Somebody hiring 100 popcorn salesmen and firing 100 popcorn salesmen causes 100 jobs created. You want to look at net increase of jobs. Then you want to compare net increase in jobs to population growth. Because if population is growing faster of slower than jobs, you get the real problem of unemployment. But then again you could go straight at looking unemployment. https://en.wikipedia.org/wiki/Unemployment_in_the_United_States#/media/File:US_Unemployment_1890-2009.gif https://en.wikipedia.org/wiki/Unemployment_in_the_United_Sta... It's remarkably stable. All variations from about 5-8% are pretty easily explained by economic downturns. You might also notice that even during WWII U.S. did not reach 0% unemployment. Almost as if apparent amount of jobs could not sway unemployment more than few percentage points.