job loss

Anyone Know Where We Can Find 10,600,000 Jobs?

Think about this. The U.S. needs 10,600,000 jobs just to get back to pre-recession unemployment rates. EPI:

The labor market is now roughly 10.6 million jobs below the level needed to restore the pre-recession unemployment rate (5.0% in December 2007). To get down to the pre-recession unemployment rate within four years, the labor market would have to add roughly 325,000 jobs every month for that entire period.

Even the OECD is reporting the United States needs 10 million jobs.

Creating jobs has to be a top priority for governments,” said OECD Secretary-General Angel Gurría, launching the report in Paris. “Cutting unemployment and fiscal deficits at the same time is a daunting challenge but it needs to be tackled head on. Despite signs of recovery in most countries, the risk remains that millions of people may lose touch with the labour market. High joblessness as the new normal can not be accepted and has to be tackled by a comprehensive policy strategy.

Even worse, the OECD estimates it's member countries need 80 million jobs!