Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Wednesday, August 3, 2011

Employment report

  • Pace at which jobs were added throughout the late 1990s: 350,00 per month
  • Years it will take to get back to an unemployment rate of 5 percent: four years if we're adding jobs at 350,000 per month; 11 years if we're adding jobs at the 2005 rate of 210,000 per month
  • Jobs that were added in June: 18,000
---Pro Publica
Note:  Vitus is on record as saying that it is very hard to see how we get unemployment under 8% before 2020.

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