Fifteen straight years of no net job growth?

[eridani]

http://www.usatoday.com/money/economy/2009-12-03-obama-jobs_N.htm
4 million jobs lost in 2009. It would have been a lot worse without the stimulus, of course.

Clinton administration's best performance was 240,000 jobs a month.
http://www.buzzflash.com/contributors/03/05/08_jobs.html

http://www.huffingtonpost.com/lawrence-mishel/jobs-aughts-for-naught_b_416562.html
No net job growth for the decade 2000-2009.

http://www.whitehouse.gov/blog/2010/04/02/employment-situation-march
First quarter averaged 54,000 jobs per month.

To replace the 4 million lost jobs at a Clinton administration growth rate would take 17 months. At the rate so far this year, 74 months (six years).

http://watchingthewatchers.org/news/1082/job-growth-puzzle-clarified
The above does not include new entrants to the labor force, estimated as 140,000/month by Krugman and 110,000/month by the Obama administration.

At current job growth rates, then, there is a net loss of 56,000/month. Getting back to the Clinton era rates, the most optimistic is that there is a gain of 240,000-110,000 = 130,000/month. Replacing 4 million jobs would then require 31 months, or 2 and a half years.

We could be looking at another five year period with no net job growth. Has there ever been a period in our history where we had 15 STRAIGHT YEARS of no job growth at all? This points to a problem that is more than cyclical, as we will have had a number of recessions and "recoveries" during that period.

IOW, we are in really deep shit, and the Obama administration refuses to take this seriously. How do we get them to wake up?

[lib2DaBone]

1. Instead of Jobs..Congress OKd $12 Billion to re-train the Afghan Police..

It is impossible to have any recovery until people go back to work.

[laughingliberal]

2. Remember, we have limited resources for this. nt

[Fumesucker]

3. The DOW is over 11,000...

Why do you hate America?

















:sarcasm:

[eridani]

15. See the link re estimating entrants to the workforce

Guesswork by economists like Krugman, but I couldn't figure out how to calculate from scratch myself.

[Oregone]

4. I love free trade

Now, do those figures account for 15 years of young people entering the workforce?

[NNN0LHI]

5. Army is always hiring

Amazing isn't it?

Don

[kimmerspixelated]

6. It's absolutely insane to not be the host of millions of jobs

in the clean energy sector. So many problems solved. But too many jobs went overseas. We need to manufacture things again.

[CreatureFeature]

7. You can thank the Elites of both parties and the media

all were complicant in passing NAFTA. Perot and Nader were right, and Clinton was the biggest traitor to workers we have seen in a long, long time.

[Fumesucker]

9. Welcome to DU..

I hope you have your fireproof underoos on because any praise of Nader here gets a hot reception from some posters, and Perot isn't all that popular either.

[CreatureFeature]

16. The Truth stands on its' on merit

[branders seine]

8. this is not cyclical.

This is the new baseline.

The biggest theft in history has remade America into a proto-third-world nation.

It's like cyberpunk is coming partially true.

[Fumesucker]

10. Give it a while and we'll be all the way back to steampunk..

Or at least that's the optimistic outlook.

[branders seine]

11. I wonder what a steampunk steamtrunk would lool like...

[Mojorabbit]

12. Oh that is beautiful. nt

[newportdadde]

13. The jobs that are left also pay the same or less adjusted for inflation and have worse benefits.

[seabeyond]

14. nafta anyone? nt