US Won't Get All Jobs Back Until 2020

And we're likely to hit another recession before then
By Alp Arslan,  Newser User
Posted Oct 10, 2010 10:04 AM CDT Posted Oct 10, 2010 10:04 AM CDT
Promoted on Newser Oct 10, 2010 10:48 AM CDT
At Current Rate All Jobs Won't Be Back Until 2020
   (AP)

The US has in 2010 added 613,000 jobs as of September—a not-so-bad average of 68,111 per month. But at that rate, it will be 2020 before the US regains the 8.36 million total jobs lost in the Great Recession. That would break the post-WWII record of 47 months to gain back lost jobs set in the 2001 recession, reports Investor Business Daily. IBD also adds, a bit apocolyptically, that we are likely to enter the next recession before we hit 2020. Read the full article. (More recession stories.)

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