Wednesday, November 9, 2011

Shockingly 2011 Creates 1.4 Million Jobs & Sadly Is Among Best Years Since Clinton

Incredibly 2011 is shaping up to be among the best years for total number of new jobs since the Clinton Administration, when 22 million new jobs were created in 8 years or 2.75 million on average for each year. That 2011 may rank among the best job creation years in the last 11 underscores the depth of the job crisis facing the USA.

The US economy has generated about 120,000 jobs per month and 1.2 million new jobs from January to October 2011. America is on track to create approximately 1.45 million jobs for the full year.

Indeed the 1.2 million jobs created already in 2011 exceeds the 1.1 million produced from January 2001 to January 2009, during the Presidency of George W. Bush. Even worse, the USA lost 4.5 million jobs from September 2001 to September 2009. Http://

The US job crisis is now more than ten years old and leaves the country today with about 3 million less jobs than at the end of the Clinton Administration. Moreover, given that the US population has increased close to 30 million people in the last decade, creating 120,000 jobs per month, as has been done in 2011, barely keeps up with the number of new jobs needed due to population growth.

Though Pennsylvania has been losing jobs over the last 6 months, 2011 represents nationally
jobs growth, but much more is needed.

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