What many people fail to recognize is that while it’s good news to add a couple of hundred thousand jobs per month, it does much less to either the unemployment rate or the labor force participation rate than one might expect.
That’s because, according to economists like Barry Bosworth, a senior fellow in the Economic Studies Department at the Brookings Institution, the United States needs to add somewhere between 80,000 and 100,000 jobs per month just to keep up with population growth.
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