According to data from the Economic Policy Institute, America has added 5 million jobs since February 2010. However, the country is still 9 million jobs shy of pre-recession unemployment rates. Even though the gap is shrinking every year, economists say the job market’s conditions are still weak.
There are now 3.8 million fewer jobs now than in the pre-recession years and the working-age population has increased by 5.2 million workers in the past five years. In order to eliminate the gap, America would have to add 330,000 jobs per month for the next three years, which is twice the rate being added today. The current job growth rate would not close the gap until 2020.
To read more on this story visit: http://money.cnn.com/2012/11/09/news/economy/jobs-america/index.html?iid=HP_LN
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