Today’s Chart of the Year comes from The Hamilton Project and it shows just how long it could take for our economy to make up the jobs lost in the last recession.
What does this chart mean?
This chart shows how the jobs gap has evolved since December 2007 and shows three different scenarios for different rates of job growth. If the economy adds about 208,000 jobs per month, which was the average monthly rate for the best year of job creation in the 2000s, then it will take until February 2024 — over 12 years — to close the jobs gap. – Michael Greenstone, Director, The Hamilton Project