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FBN's Liz MacDonald on the new left math on the number of jobs that need to be created each month to keep pace with population changes.
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-- thanks so much.
Since jobs growth a numbers game -- -- -- -- map on the number of new jobs that need to be created each month to keep pace with population changes we get the bottom line.
From Elizabeth MacDonald.
About yeah.
The number -- keeps jumping all over the map when an article about what population optimism and this is a hot debate because now ain't gonna see take a look at what -- causes our reporting for example they're saying 8980000.
Jobs a month.
Just to keep up with population growth so the 1141000.
Looks like a great -- right this is based on a Congressional Budget Office said they came -- on 2011.
Here's the problem here's a bottom line this CDO thing that there reporting there implies possibly ninety thousands accommodate.
The fact that boomers are leaving so hey baby boomers are leaving the workforce may be only be 90000.
What -- to ignore here is immigration immigrants are coming in so when you take that into account look what Ben Bernanke says he says look we need jobs about a 100000 a month.
Just -- -- keep the jobless rate stable even a 150200.
Needed to reduce the unemployment rate so here's the bottom line here's the numbers you wanna look at.
To get to basically.
Did the the pre recession levels.
What we saw before they've you know -- economic collapse I would like 20s17.
We want to hit 321000.
A month.
To get to the best months in the 199321000.
A month month on month so that implies 4% 5% GDP growth -- -- if you wanna get it to where we were in the other two thousands.
That's 220 a month now -- get there by -- 24.
321000.
A month you'll get their -- when he seventeen.
220000.
Jobs a month -- get there by 20/20 four to where we were pre recession so those of the numbers you wanna keep in mind.
Not this debate about the 90000 a month job.
Growth rate whatever that that is being amp touted by the Democrats and the left and outfits in media outlets like.
Daily cause it's way off base don't look at -- those in the numbers wanna look at our Naples McDonald's yeah calculator she.
It's just.
