Friday, December 02, 2011

William Galston: Our Deeply Daunting Jobs Hole | The New Republic

William Galston: Our Deeply Daunting Jobs Hole | The New Republic

To regain full employment (5 percent, which happens to be the same as the level when the recession began) with the pre-recessionary labor force participation rate, we would need 150.7 million jobs—10.1 million more than we have today. That’s a reasonable measure of the hole we’re still in, two and a half years since the official end of the recession.
Full employment is Bush's 5 percent? What Democrats were calling those Bush years fully employed?

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