Friday, April 2, 2010

Employment vs. Population Growth

The good news is non-farm payrolls jumped by 162,000 in March. The thing to keep in mind is that the population has grown by 211,000 per month (on average) over the past 10 years.

We're getting there, but until we grow faster than the population, unemployment levels will remain. This also shows how far fetched the low unemployment rates were in late 2007.

Source: BLS