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In This Issue
September 3, 2010
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A Record Jobs Gap
Alan Tonelson
Wednesday, October 07, 2009
U.S. unemployment rate, September, 2009: 9.8 % Monthly job creation needed to reduce U.S. unemployment to 5 percent within 5 years: 250,000 Number of U.S. jobs lost, September, 2009: 263,000 Number of ten-year periods in U.S. history when average monthly job creation totaled even 150,000: 1* *1991-2000 – the 1990s expansion
Sources: “Latest Numbers,” U.S. Bureau of Labor Statistics, U.S. Department of Labor, http://www.bls.gov/home.htm; “Guru Strategy: Stocks don’t reflect the economy’s danger signs, so beware,” by Nikhil Hutheesing, Daily Finance, America Online, October 7, 2009, http://www.dailyfinance.com/2009/10/07/guru-strategy-stocks-dont-reflect-the-economys-danger-signs/
Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).
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Alan Tonelson
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