Job Growth needed to get back to 2008 employment

Copyright MSNBC, SHow: Up with Chris Hayes February 3, 2013. Fair use claimed- low grade image for non profit academic purposes. Graph appears to be based on the first figure found in this Hamilton project report: http://www.hamiltonproject.org/files/downloads_and_links/1210_jobs_decade.pdf The dark blue “pessimistic” forecast actually makes an optimistic assumption- that the US can sustain jobs growth equal the the best of the Bush years (2005). Note also that reaching 2008 employment levels does not mean that the US will have restored its employment strength. In fact, our Employment to Population which slipped from 63% in 2007 to 58.5% is projected to further erode. The Bureau of Labor statistics projects that jobs will grow at .7% per year from 2010 to 2020. Yet Census.gov projects that our population will increase at .76% . BLS: http://bls.gov/news.release/ecopro.nr0.htm Census: see table 1 at http://www.census.gov/population/projections/data/national/2012/summarytables.html

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