It was difficult rerunning this chart with a straight face, make that near impossible, but here are the results.
Following the most recent NFP disappointment, the simple math indicates that for the US to return to its December 2007 unemployment, when factoring in the natural growth of the labor force of 90k people a month, the economy will need to add 250k jobs a month for the next 66 months or until the end of Obama’s now very implausible second term.
Then again, considering what the alternatives are, we can guarantee that the 2012-2016 period in terms of job creation will definitely not look like what is presented on the chart below.
Submitted by Tyler Durden on 06/03/2011 09:57 -0400
Source: ZeroHedge