Please disable your Ad Blocker to better interact with this website.

Image Image Image Image Image Image Image Image Image Image

Affluent Christian Investor | May 13, 2021

Select a Page:
Select a Page:
Scroll to top

Top

Uncategorized
One Comment

11 Million Missing Jobs and Counting

Photo: Getty Images

Photo: Getty Images

President Obama and others that tout how far the U.S. economy has come since 2008-2009 miss the big point. We’re nowhere near where we should be after more than four years of a so-called recovery.

Are we in a better spot than during the recession that ran from late 2007 to mid-2009? Of course, we are.

Is economic growth and job creation where it should be at this point in a recovery? Of course not. It’s not even close.

Last month, I did a quick analysis of where we should be on the jobs front. Consider: “If the employment ratio was merely at a solid level – such as set in 2006 – there would be 154.6 million people employed currently, compared to the actual 143.6 million in May. That is, we would have 11 million more jobs. And rather than still being down by some 2.7 million jobs relative to the high hit in November 2007, we would be up 8 million jobs.”

As a result, we should not be surprised by a Gallup finding released on July 24 that only 25 percent of Americans believe that is a good time to find a quality job. The good news? That’s up from 17% in July 2012 and 10% in July 2011. However, it compares to 43 percent in July 2007, before the recession. The high of 48 percent was hit in January 2007, with Gallup first asking the question in 2001.

On the flip side, by the way, 70 percent said it’s a bad time to find a quality job. That was down from 88 percent in July 2011 and 81 percent in July 2012. But it compares poorly to the 50 percent registered in July 2007.

Let’s hope that the trend continues to improve. But considering that ObamaCare unleashes its full fury in 2014 and 2015, while also factoring in Dodd-Frank and EPA regulations, and it’s hard to see a robust optimism about finding quality jobs developing because it’s going to continue to become more costly to create such jobs.

 

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Trending Now on Affluent Christian Investor

Sorry. No data so far.

What We’re Looking At Today

  • Full video: Jordan Peterson on the Channel 4 Controversy and Philosophy of "How to be in the World"
    January 28th, 2018
  • Be Grateful for the Intelligent Design of Your Eyes
    December 23rd, 2017
  • TAX REFORM: The Most Important Things You Need to Know
    December 22nd, 2017
  • What Is 6th Gear? » Intermittent Fasting And Keto
    December 18th, 2017
  • DiscoveryInstitute
    December 7th, 2017
  • The King’s Choice – SAMUEL GOLDWYN FILMS
    October 12th, 2017

    • Follow Us

    Facebooktwitterrss

    Like us on Facebook

    Affluent Investor

    The Affluent Mix

    Become An Insider!

    Sign up for Affluent Investor's free email newsletter and receive a free copy of our report, "The Christian’s Handbook For Transforming Corporate America."

    Send this to a friend