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Demand More than ‘New Normal’

All eyes are on Friday’s employment report, with the focus apparently on whether the Obama administration can reach 200,000 a month in April. Our question is why? Why has creating 200,000 jobs become the litmus test of a successful jobs report? Given the deep jobs deficit in which our economy finds itself, we need a lot more jobs than that. In the first 24 months of the average postwar recovery from recession, the economy created 147,000 payroll jobs on average.
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US Needs To Generate 254,000 Jobs A Month For 65 Months To Get To Pre-Depression Employment By End Of Obama Second Term

Business & Finance : Zero Hedge (3 years ago)

Every time we update the projection chart of how many jobs have to be created by the end of Obama's now improbable second term, the number goes up. First it was 245,500 in April, then 250,000 in June, now it is 254,000: it seems to ... Read Post

Old and Busted: The White House Will Soon Be Creating 500,000 Jobs A MonthNew Hotness: The White House Does Not Create Jobs

US Politics / Conservative : Ace of Spades HQ (3 years ago)

Joe Biden, April 23, 2010: "All in all we're going to be creating somewhere between 100[,000] and 200,000 jobs next month, I predict," Biden said, according to a pool report, adding that he "got in trouble" for a job growth... Read Post

Employers add 244,000 jobs in April for the third straight month of employment growth

Business & Finance : Money & Co (4 years ago)

The American economy created a healthy batch of new jobs in April for the third straight month, allaying fears of a stall in hiring due to higher oil prices and concerns about an economic slowdown. The Labor Department said Friday..... Read Post

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