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Slice of MIT
Baseline Scenario
Jan
17th
Sun
17th
No net job creation in the 2000s vs previous decades job growth of 20%-40% via Roubini Global Economics - RGE Monitor — U.S. EconoMonitor
Dec
22nd
Tue
22nd
We Just Had A Lost Decade
People wondering if the US will enter a “lost decade” should just look back … they just had one!
On employment, there were 130,532,000 payroll jobs in December 1999, and 130,996,000 payroll jobs in November 2009; an increase of 464 thousand jobs. However the preliminary estimate of the annual benchmark revision “indicates a downward adjustment to March 2009 total nonfarm employment of 824,000”. So it appear there will be fewer payroll jobs at the end of the aughts than at the beginning.
