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Jobs in the Obama Economy Coming Back Slower Than During the Great Depression
Putting This Month’s Dismal Jobs Number in Perspective
Friday, June 01, 2012
Question: If the U.S. continues to struggle under the failed policies that have produced the “Obama economy” and adds only 69,000 jobs each month in the future, how long will it take to restore the jobs lost since the start of this recession?
Answer: It will take a total of 10 years and 5 months – until June 2018 – to regain all the jobs lost during the latest recession.* To put this in perspective, as the table below shows, this is longer than the 8 years it took to regain the jobs lost during the Great Depression.