Unemployment — yikes

I’ve been listening and reading a lot about what might constitute the “new normal” — the nature of our economy and society as we climb out of the economic crisis. But the new report from two economists at Rutgers makes graphic how far we have to climb:

Even if the nation could add 2.15 million private-sector jobs per year starting in January 2010, it would need to maintain this pace for more than 7 straight years (7.63 years), or until August 2017, to eliminate the jobs deficit!

I don’t usually approve of exclamation marks in serious reports (or just about anywhere, in fact), but that statement deserves the extra emphasis.

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