Forecast: 2.4 Million Added Jobs in 2011 for U.S.

December 29th, 2010
in Background

Calculated Risk:  About 2.4 million jobs could be added inthe U.S. for 2011.  Click "Read more" for graph.

Follow up:

Calculated Risk Employment forecast 2011

Calculated Risk comments:

However, this doesn't mean the unemployment rate will decline significantly. The economy needs to add about 125,000 jobs per month to offset population growth, and I expect the participation rate to increase too - so any decline in the unemployment rate will be slow.

With over 15 million unemployed workers - and 6.3 million unemployed for more than 26 weeks - adding 2.4 million private sector jobs will not seem like much of job recovery for many Americans.

Read more.....

Note:  GEI has predicted the U.S. unemployment rate will remain in the 9-10% range throughout 2011.  This is not incompatible with adding 2.4 million new jobs, as explained in the comment by CI

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved