Thursday, March 22, 2012

Unemployment

According to the best statistics I can find 3.6 million people reach retirement age (65) each year and 3.1 million graduate from high school each year. Add to that the 1.3 million who drop out each year and you can see we must create 800,000 jobs to stay even. We need 70,000 new jobs each month to take care of the new people coming into the work force. There are 12.8 million people unemployed and if the unemployment rate is 8.3% that means that 141 million are working.

No comments:

Post a Comment