Eight years!?
Yep, that is the conclusion from Michael Greenstone and Adam Looney at the Hamilton Project. Today the country faces a 11 million-person jobs gap. This “jobs gap” represents the number of jobs that the U.S. economy needs to return to pre-recession employment rates while also (this part is key!) absorbing everybody joining the labor force.
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It’s not just enough to make jobs for everybody seeking work this year. We also have to account for the millions of people joining the workforce over the next decade.
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